Libya’s Oilfield Closures Spread in Standoff Over Central Bank 

A general drone view shows the Nafoora oilfield in Jakharrah, Libya, August 27, 2024. (Reuters)
A general drone view shows the Nafoora oilfield in Jakharrah, Libya, August 27, 2024. (Reuters)
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Libya’s Oilfield Closures Spread in Standoff Over Central Bank 

A general drone view shows the Nafoora oilfield in Jakharrah, Libya, August 27, 2024. (Reuters)
A general drone view shows the Nafoora oilfield in Jakharrah, Libya, August 27, 2024. (Reuters)

Libya's oilfield closures spread on Wednesday as the Sarir field almost completely halted output, two field engineers told Reuters, amid a political dispute over control of the central bank and oil revenue.

Authorities in the east, where most of Libya's oilfields lie, declared on Monday that all production and exports would be halted.

Sarir was producing about 209,000 barrels per day (bpd) before output was reduced, the engineers said.

Force majeure had already been announced on exports at the 300,000 bpd Sharara oilfield and this week Reuters has reported disruptions at El Feel, Amal, Nafoora and Abu Attifel.

In July, Libya, an OPEC member, was producing about 1.18 million barrels of oil per day.

The move to shut off Libya's main source of revenue comes in response to the Tripoli-based Presidency Council sacking Central Bank of Libya (CBL) chief Sadiq al-Kabir, prompting rival armed factions to mobilize.

Head of the Tripoli-based Government of National Unity (GNU) Abdulhamid al-Dbeibah, installed through a UN-backed process in 2021, said this week that oilfields should not be allowed to be shut "under flimsy pretexts".

On Tuesday, US Africa Command General Michael Langley and Chargé d'Affaires Jeremy Berndt met Khalifa Haftar, head of the Libyan National Army that controls the country's east and south.

"The United States urges all Libyan stakeholders to engage constructively in dialogue," with support from the United Nations Support Mission in Libya (UNSMIL) and the international community, the US Embassy in Libya said on social media platform X.

Oil prices were little changed on Wednesday. They rallied on Monday partly due to the planned production halt in Libya.



Gaza: Palestinian Health Ministry Says War Death Toll Now at 40,534

A demonstrator brandishing a Palestinian national flag walks past Israeli troops, during confrontations with them following a protest against the expropriation of Palestinian land by Israel in the occupied-West Bank, in the village of Kfar Qaddum, near the Jewish settlement of Kedumim, on June 9, 2023. (Photo by Jaafar ASHTIYEH / AFP)
A demonstrator brandishing a Palestinian national flag walks past Israeli troops, during confrontations with them following a protest against the expropriation of Palestinian land by Israel in the occupied-West Bank, in the village of Kfar Qaddum, near the Jewish settlement of Kedumim, on June 9, 2023. (Photo by Jaafar ASHTIYEH / AFP)
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Gaza: Palestinian Health Ministry Says War Death Toll Now at 40,534

A demonstrator brandishing a Palestinian national flag walks past Israeli troops, during confrontations with them following a protest against the expropriation of Palestinian land by Israel in the occupied-West Bank, in the village of Kfar Qaddum, near the Jewish settlement of Kedumim, on June 9, 2023. (Photo by Jaafar ASHTIYEH / AFP)
A demonstrator brandishing a Palestinian national flag walks past Israeli troops, during confrontations with them following a protest against the expropriation of Palestinian land by Israel in the occupied-West Bank, in the village of Kfar Qaddum, near the Jewish settlement of Kedumim, on June 9, 2023. (Photo by Jaafar ASHTIYEH / AFP)

Israel launched a large-scale military operation Wednesday in the occupied West Bank, where the army said it killed nine Palestinian fighters, while the nearly 11-month Gaza war showed no sign of abating.

Violence has surged in the West Bank during the Gaza conflict sparked by Hamas's unprecedented October 7 attacks on Israel.

The war has killed more than 40,000 people in Gaza, according to the health ministry. It has also caused widespread destruction in the Palestinian territory, displaced nearly all of its 2.4 million people at least once and triggered a humanitarian crisis.

In the West Bank in the early hours of Wednesday, the Israeli military launched a series of coordinated raids across four cities -- Jenin, Nablus, Tubas and Tulkarem.

The army said it was carrying out a "counter-terrorism operation" involving airstrikes, ground forces and bulldozers.

The Palestinian Red Crescent said the Israeli forces killed at least 10 people, including two Palestinians in Jenin, four in a nearby village and four more in a refugee camp near Tubas. Fifteen others were wounded.

Palestinian president Mahmoud Abbas cut short a visit to Saudi Arabia and headed home to "follow up on the latest developments in light of the Israeli aggression on the northern West Bank," Palestinian official media said.

Foreign Minster Israel Katz said the military was "operating in full force since last night" in a bid to "dismantle Iranian terror infrastructure".

In a post on X, he accused Iran, Israel's main foe in the region, of seeking to "establish an eastern front against Israel" based on the "model" for Gaza and Lebanon, where it backs Hamas and Hezbollah, respectively.

"We must address this threat with the same determination used against terror infrastructures in Gaza, including temporary evacuation of residents and any necessary measures," he said.

"This is a war, and we must win it."