Libyan Oilfields Reopen Following Resolution of Central Bank Dispute

Libya's National Oil Corporation lifts force majeure, resuming operations at key oilfields after leadership change at the central bank.

Libya's National Oil Corporation announced the reopening of all oilfields and export terminals, ending a shutdown that began in August.
The resolution of a leadership dispute at the Central Bank of Libya facilitated the reopening, with Naji Issa appointed as the new governor.
Prior to the shutdown, Libya was producing about 1.2 million barrels of oil per day, with exports significantly reduced during the closure.
Technical issues at the El Feel oilfield may delay full production capacity despite the resumption of operations.
The United Nations welcomed the reopening, emphasizing the importance of channeling oil revenues through the appropriate institutional framework.