Libya’s El Feel oilfield halts production, engineers say
Libya’s El Feel oilfield has halted output, according to engineers, as closures spread amid a standoff over control of the central bank and the country’s oil revenue.
Authorities in the east of the country, where most of its oilfields lie, threatened to close them all on Monday, escalating their standoff with the country’s internationally recognized government in Tripoli.
Despite this threat, there has been no official confirmation of any closures from Libya’s government in Tripoli – which heavily relies on the fields for its revenues – or from the National Oil Corp (NOC), which controls the country’s oil resources.
It is important to note that the government in Benghazi is not internationally recognized, but most of the oilfields are under the control of eastern Libyan military leader Khalifa Haftar.
This development is concerning as Libya’s oil production is a crucial source of revenue for the country, and any disruptions could have significant economic consequences. The ongoing political turmoil in the country is further complicating efforts to stabilize the oil sector and ensure consistent production.
The situation in Libya highlights the challenges facing the country as it struggles to navigate a complex political landscape and maintain stability in its oil sector. It is important for all parties involved to prioritize dialogue and cooperation in order to prevent further disruptions to oil production and safeguard the country’s economic stability.
Stay tuned for updates on the situation in Libya and its impact on the oil industry.
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