The Libyan National Oil Corporation announced the resumption of oil production after resolving the crisis surrounding the personality of the head of the country’s central bank.
Oil production in Libya was stopped at the end of August this year amid the worsening political crisis in the country.
The conflict between Libya’s central bank chief Sadiq al-Kabir and Prime Minister Abdul Hamid Dbeibah, who heads the government that controls western Libya, is seeking to oust him, began after al-Kabir accused the prime minister of excessive spending and creating a false “rainbow” “pictures of the economy in his speeches.
Government forces in Tripoli seized the premises of the central bank, which controls foreign exchange earnings from oil sales and the country’s gold and foreign exchange reserves, al-Kabir fled the country.
In response to the takeover of the central bank, the government based in the eastern part of Libya announced the cessation of oil production in the territories under its control (which is most of the Libyan fields).