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Libya Set to Revive Halted Oil Production as Bank Crisis Eases...
01 Oct, 2024 09:10 99 min read
Libya is set to restore oil production after two rival governments resolved a conflict that disrupted output in August. The agreement, brokered by the UN, includes appointing Naji Issa as the new central bank governor, overseeing energy revenue. Libya's oil output, which dropped from 1.2 million barrels per day to 450,000, is expected to resume soon. The country remains divided despite ongoing efforts to stabilize the situation.... More