oil export

The parallel government declared, on Monday, a state of force majeure on all oil fields, ports, institutions and facilities, and halted oil production and exports until further notice.

The government said in a video statement read by Prime Minister, Osama Hammad, that this decision came in response to "the attacks on the leaders, employees and administrations of the Central Bank of Libya by unlawful groups with the incitement and assistance of the Presidential Council."

Hammad's government considered that its decision came from "the reality of the legal and social responsibility placed on the Libyan government to preserve and maintain public money, preserve the livelihood of Libyans, their money and reserves at the Central Bank of Libya, and funds of oil revenues from falling into the hands of an illegitimate group."

The Speaker of the House of Representatives, Aqila Saleh, said that the Presidential Council's assignment of Mohammed Al-Shukri as governor of the Central Bank "came to plunder public money and continue corruption," adding: "We will not allow the continued transfer of Libyan wealth revenues to people who came in a suspicious manner and with dishonest hands."

Saleh added in a television interview broadcast on Thursday evening that "changing the governor in the current situation may result in shutting down oil and stopping the transfer of its revenues to the Central Bank."

On Sunday, a source in the Presidential Council announced that the procedures for handing over  the new Central Bank Board of Directors were carried out peacefully and smoothly through the Administrative Handover Committee.