30.08.2024 15:40
Libya's losses from the suspension of oil and gas production exceeded 120 million dollars
The damage caused by the decision of the Libyan House of Representatives to suspend the operation of oil and gas wells exceeded 120.3 million dollars in three days, Anadolu reported, citing the Libyan National Oil Corporation (NOC).
On Monday, August 26, the government of Libya, authorized by the House of Representatives (Parliament), declared a state of force majeure in all eastern fields, ports, oil organizations and enterprises, and suspended oil production and export until further notice.
The decision to halt production comes amid disagreements with the internationally recognized government of Libya, located in the west of the country. Controversy surrounds the leadership of the Central Bank of Libya.
Earlier, the information technology manager of the Central Bank of Libya, Musab Muslim, announced that he had stopped all his activities due to the kidnapping on August 18.
On the same day, the Presidential Council of Libya announced that it had made a unanimous decision to elect a new head of the country's Central Bank and form a new board of the regulator.
The President's Council noted that the decision was adopted in order to ensure financial and economic stability in the country, the Central Bank to perform its tasks efficiently and fully, as well as to ensure the continuity of financial services.
On August 19, the House of Representatives of Libya announced that it does not agree with the decision of the Presidential Council.
For information, the Central Bank of Libya has been headed by Siddiq al-Kabir since 2011.
