Libya’s oilfield closures have escalated due to a political dispute over control of the central bank and oil revenue, leading to disruptions in production at multiple fields including Sarir, Sharara, El Feel, Amal, Nafoora, and Abu Attifel. The decision to halt production and exports comes after the sacking of Central Bank of Libya chief Sadiq al-Kabir by the Tripoli-based Presidency Council. Prime Minister Abdulhamid al-Dbeibah has condemned the shutdown of oilfields, urging all parties to engage in constructive dialogue. The United States has also called for Libyan stakeholders to resolve the issue through peaceful means, with the support of the United Nations and the international community. Despite the disruptions, oil prices remained stable on Wednesday after rallying earlier in the week in response to the planned production halt in Libya. The situation in Libya continues to be monitored closely as tensions rise over the control of crucial oil resources in the country.
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Standoff over central bank leads to spread of oilfield closures in Libya | World News
