Libya Central Bank Governor: Oil Blockade is ‘Bullet in the Head’

FILE PHOTO: Members of forces loyal to Haftar guard near Libya's El Sharara oilfield in Obari,Libya, February 6, 2019. REUTERS/Stringer

London: Asharq Al Awsat

05:48-25 January 2020 AD ـ 30 Jumada Al-Ula 1441 AH

London: Asharq Al Awsat

05:48-25 January 2020 AD ـ 30 Jumada Al-Ula 1441 AH

Libya Central Bank Governor: Oil Blockade is ‘Bullet in the Head’

FILE PHOTO: Members of forces loyal to Haftar guard near Libya's El Sharara oilfield in Obari,Libya, February 6, 2019. REUTERS/Stringer

A blockade of major Libyan oil ports is damaging the economy and must be quickly resolved, the Tripoli-based central bank governor told Reuters on Friday.

"Now oil represents 93-95 percent of total revenue and covers 70 percent of total spending. This is a bullet in the head, that will hurt Libya and the Libyan people," Sadiq al-Kabir said in an interview in London. "We really hope the crisis is resolved as fast as possible because it hurts everyone."

The head of the Government of National Accord, Fayez al-Sarraj, has warned of catastrophe if the week-long blockade by the Libyan National Army of Khalifa Haftar, which has cut oil output to almost zero, is not lifted.

Previously, oil production was 1.2 million barrels a day.

Türkiye to Seek Lifting of Syria Sanctions, Erdogan Tells Sharaa

This handout photograph taken and released by Turkish Presidency Press Office on April 11, 2025, shows Türkiye’s President Recep Tayyip Erdogan shaking hands with Syria's interim President Ahmed al-Sharaa (L) during a meeting the 4th edition of the Antalya Diplomacy Forum (ADF2025) in Antalya. (Handout / Turkish Presidency Press Office / AFP)

10:57-12 April 2025 AD ـ 14 Shawwal 1446 AH

Türkiye to Seek Lifting of Syria Sanctions, Erdogan Tells Sharaa

President Recep Tayyip Erdogan told Syrian President Ahmed al-Sharaa on Friday that Türkiye will continue its diplomatic efforts to lift international sanctions against Syria, Erdogan’s office said.

During their meeting at the Antalya Diplomacy Forum in Türkiye, Erdogan said efforts should be increased to revitalize trade and economic cooperation with Syria and that Türkiye will continue to provide support to the country, the statement said.

Türkiye is an influential actor in neighboring Syria as opposition groups it supported during the civil war took power last December. However, the fall of Syrian President Bashar Assad aggravated already tense relations between Türkiye and Israel, with their conflicting interests pushing the relationship toward a possible collision course.

When Trump hosted Israeli Prime Minister Benjamin Netanyahu at the White House last month, he advised him to be “reasonable” in his dealings with Ankara.

Erdogan told the forum in Antalya: “We are in a state of understanding and close dialogue with influential actors in the region, especially Trump and (Russian President Vladimir) Putin, in preserving the territorial integrity of Syria."

As if to underline this position, Sharaa sat just two places away from Erdogan’s seat in the hall.

It was Sharaa’s second trip to Türkiye as leader after Erdogan welcomed him to the capital Ankara in February.

In an apparent warning, Erdogan said that “no-one should misunderstand our cool-headedness and our stance of resolving issues through dialogue.”

The president has been a vocal critic of Israel’s operations in Gaza.

Libya Central Bank Governor: Oil Blockade is ‘Bullet in the Head’

Libya Central Bank Governor: Oil Blockade is ‘Bullet in the Head’

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Türkiye to Seek Lifting of Syria Sanctions, Erdogan Tells Sharaa

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