Libya’s oil industry, the lifeblood of its economy, has once more fallen hostage to a political schism, as the re-emergence of parallel administrations has forced many hydrocarbon facilities to close.
The state-run National Oil Co (NOC) this week declared a halt to operations at two major oil export terminals and several oilfields, halving output to about 600,000 barrels per day in a country that sits on Africa’s biggest oil reserves.
The latest in a succession of political fissures since the 2011 fall of late Libyan leader Muammar Qaddafi cracked open in February, when the parliament, based in Libya’s east, selected a new
Libya’s oil industry, the lifeblood of its economy, has once more fallen hostage to a political schism, as the re-emergence of parallel administrations has forced many hydrocarbon facilities to close.
The state-run National Oil Co (NOC) this week declared a halt to operations at two major oil export terminals and several oilfields, halving output to about 600,000 barrels per day in a country that sits on Africa’s biggest oil reserves.
The latest in a succession of political fissures since the 2011 fall of late Libyan leader Muammar Qaddafi cracked open in February, when the parliament, based in Libya’s east, selected a new
Libya is meant to elect its president in 10 days, but in a war-torn country riven by caustic feuds and institutional divisions, few believe polling will even go ahead.
By Hamza MekouarAgence France –PresseBANI WALID, Libya A huge portrait of Muammar Qadhafi marks the entrance of Bani Walid: 10 chaotic years since the Libyan dictator’s death, residents of the desert town still hanker for his rule.“Muammar Qadhafi is a symbol,” said resident Mohamed Dairi, in his fifties. “We will always support him.”Unfinished concrete buildings litter the