Libya Preparing to Restart Oil Output as Central Bank Crisis Eases

A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. (Reuters)
A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. (Reuters)
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Libya Preparing to Restart Oil Output as Central Bank Crisis Eases

A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. (Reuters)
A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. (Reuters)

Libya was preparing to restart oil production that has been shut since late of August after an agreement on a new head of the central bank was reached, two oilfield engineers told Reuters on Tuesday.

"We are now waiting for orders from the Corporation (the state oil firm) to resume production at its normal levels after a month-long stoppage," said an engineer from the Jalu 59 oilfield.

An engineer from the El-Feel oilfield said they took advantage of the almost one-month closure to carry out maintenance.

National production and export operations were stopped in August when the parallel government in eastern Libya declared the closure of oil facilities in a protest of the ousting of veteran Central Bank of Libya (CBL) governor Sadiq Kabir by the Presidential Council in Tripoli.

A new CBL governor, Naji Mohamed Issa Belgasem, and his deputy, Mari Muftah Rahil Barrasi were approved on Monday by the two legislative bodies; the east-based House of Representatives in Benghazi and High State Council in Tripoli.

Belgasem and Barrasi took an oath before parliament on Tuesday during a televised session.

Libya's National Oil Corporation said on Aug. 28 that oil production had dropped by more than half of typical levels. It has not made public any new production figures since then.

Libya's oil output has been disrupted repeatedly in the chaotic decade since the country divided in 2014 between two administrations in its east and west following the NATO-backed uprising that toppled Moammar al-Gaddafi in 2011.



Israeli Strikes Kill 17 Palestinians in Gaza, Orders Hospital to Evacuate

Bodies of victims of an Israeli airstrike at the Nuseirat refugee camp are prepared for the funeral prayer outside the Al-Aqsa Martyrs hospital in Deir al-Balah, Gaza Strip, Saturday, Dec. 21, 2024. (AP Photo/Abdel Kareem Hana)
Bodies of victims of an Israeli airstrike at the Nuseirat refugee camp are prepared for the funeral prayer outside the Al-Aqsa Martyrs hospital in Deir al-Balah, Gaza Strip, Saturday, Dec. 21, 2024. (AP Photo/Abdel Kareem Hana)
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Israeli Strikes Kill 17 Palestinians in Gaza, Orders Hospital to Evacuate

Bodies of victims of an Israeli airstrike at the Nuseirat refugee camp are prepared for the funeral prayer outside the Al-Aqsa Martyrs hospital in Deir al-Balah, Gaza Strip, Saturday, Dec. 21, 2024. (AP Photo/Abdel Kareem Hana)
Bodies of victims of an Israeli airstrike at the Nuseirat refugee camp are prepared for the funeral prayer outside the Al-Aqsa Martyrs hospital in Deir al-Balah, Gaza Strip, Saturday, Dec. 21, 2024. (AP Photo/Abdel Kareem Hana)

Israeli military strikes across the Gaza Strip killed at least 17 Palestinians, eight of them at a school sheltering displaced families in Gaza City, medics said, as the Israeli military ordered the evacuation of a hospital in the north.
Palestinian medics said eight people, including children, were killed in the Musa Bin Nusayr School that sheltered displaced families in Gaza City.
The Israeli military said in a statement the strike targeted Hamas groups operating from a command center embedded inside the school. It said Hamas used the place to plan and execute attacks against Israeli forces.
Also in Gaza City, medics said four Palestinians were killed when an airstrike hit a car.
At least five other Palestinians were killed in two separate airstrikes in Rafah and Khan Younis south of the enclave.
In the northern Gaza town of Beit Lahiya, where the army has operated since October, Hussam Abu Safiya, the director of Kamal Adwan Hospital, said the army ordered staff to evacuate the hospital and move patients and injured people toward another hospital in the area.
Abu Safiya said the mission was "next to impossible" because staff did not have ambulances to move the patients.
The Israeli army has operated in the two towns of north Gaza, Beit Lahiya and Beit Hanoun, as well as the nearby Jabalia camp for nearly three months.
Palestinians have accused Israel of carrying out acts of "ethnic cleansing" to depopulate those areas to create a buffer zone.
Israel denies this and says the campaign in the area aimed to fight Hamas and prevent them from regrouping. It said its forces have killed hundreds of fighters and dismantled military infrastructure since that operation began.
Armed wings of Hamas and the Islamic Jihad said they killed many Israeli soldiers in ambushes during the same period.
Mediators have yet to secure a ceasefire between Israel and the Hamas group.
Sources close to the discussions told Reuters on Thursday that Qatar and Egypt had been able to resolve some differences between the warring parties but sticking points remained.
Israel began its assault on Gaza after Hamas-led fighters attacked Israeli communities on Oct. 7, 2023, killing 1,200 people and taking over 250 hostages, according to Israeli tallies. Israel says about 100 hostages are still being held, but it is unclear how many are alive.
Authorities in Gaza say Israel's campaign has killed more than 45,000 Palestinians and displaced most of the population of 2.3 million. Much of the coastal enclave is in ruins.