oil

‎The Prime Minister of the parallel government, Osama Hammad, announced Thursday lifting the state of force majeure on all oil fields, ports and facilities and the resumption of production and exports.

Hammad said in a statement that lifting the state of force majeure came within the framework of supporting the efforts made by the House of Representatives and the High Council of State, which culminated in the appointment of a new governor for the Central Bank of Libya and his deputy.

He added that the imposition of the state of force majeure earlier was a precautionary measure in anticipation of any repercussions resulting from the storming of the Central Bank by "impersonators," as he described it.

The parallel government announced on August 26 the closure of all oil fields, ports, institutions and facilities, and the complete halt of oil production and exports against the backdrop of the Central Bank crisis that began with the issuance of a decision by the Presidential Council to dismiss the ex-governor, Al-Siddiq Al-Kabir.

Last Monday, the House of Representatives voted unanimously to appoint Naji Issa as governor of the Central Bank, and Marie Al-Barasi as his deputy, as part of the agreed steps to resolve the bank crisis, with the High Council of State, which in turn announced the approval of the agreement with the House of Representatives signed by 112 of its members. 

The move by the two chambers came after they had signed an agreement last Thursday, in the presence of international parties, as a result of a final round of talks that lasted three weeks under the auspices of the United Nations mission in Libya to resolve the Central Bank crisis.