Libyan oil production decreased

Libyan oil production decreased

Libyan oil production decreased

The administration of the Libyan National Oil Company is now under the responsibility of a new CEO who has been appointed to this position by the national unity government.

Abdulhamid Al-Dabibah, the Prime Minister of the National Unity Government, recently appointed Farhat Bangdara as the CEO of the Libyan National Oil Company. He also entered this company after the establishment of the armed forces.

During his visit to the city of Benghazi in eastern Libya, Bangdara also met with tribal elders representing the groups involved in the siege of oil fields and export terminals in this country.

At the time of his appointment (July 2nd), Bangdara had announced that Libya’s crude oil production had reached 860,000 barrels per day and had announced the goal of reaching 1,200,000 barrels per day within two weeks.

Mustafa Sanaullah, who has been the CEO of the National Oil Company of Libya since 2014, did not recognize Bangdara’s appointment and said that Debiba’s term as prime minister has ended and he does not have the authority to dismiss him.

The parliament based in eastern Libya, which does not accept Debiba’s authority in the government, has not accepted Bangdara as the CEO of the National Oil Company of this country, and this issue increases the possibility of conflict in this company.

Haftar-affiliated groups that were involved in this siege demanded Debiba’s resignation in favor of Fathi Bashaghe; The person who was replaced by the parliament as the prime minister.

However, Bangdara is known as an ally of Haftar, and Dabibe’s decision to appoint him as CEO of the Libyan National Oil Company appears to be part of preparations to end the siege.

All factions in Libya are seeking access to the revenue from the country’s oil exports, which at one point last year reached 1.2 million barrels per day.

The elder of this tribe, who announced the agreement of these groups to restart oil production, said that although Debiba remained in his position instead of Bashaghe, another of their demands was fulfilled by removing Sanaullah from the position of CEO of the National Oil Company.

The oil export of this North African country, a member of the Organization of the Petroleum Exporting Countries (OPEC), reached 1.2 million barrels per day at times last year.

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