Despite a month-long political standoff that has disrupted Libya’s banking system and ensuing oil shut-ins that have dealt a blow to the country’s lifeline crude exports, oil tankers continue to load from Libyan terminals.
Libya’s eastern authorities, who control the eastern and southern regions where most of the country’s oil fields are located, declared nationwide oil shutdowns on 26 August (MEES, 30 August). The decision came in response to a row, long in the making, over the leadership of the Central Bank of Libya (CBL) and the distribution of oil revenues between the rival administrations (MEES, 16 August). (CONTINUED - 974 WORDS)
