As Libya undergoes a political battle for control of the nation, the latest casualty has been the nation’s oil production.
Libya presently has two politicians, each laying claim to the office of Prime Minister, the interim Prime Minister, Abdul Hamid Dbeibah who is refusing to cede the office, and an eastern-affiliated leader who has been sworn in as a new Prime Minister, Fathi Bashaga.
In the battle for control, it appears Bashaga has issued an order to shut down all oil production,
According to the country’s oil minister Mohammed Aoun, “it appears that the closure instructions were issued by an official body, the Petroleum Facilities Guard in the closure areas.”
As a result, Libya’s largest field, El Sharara ceased production last month, alongside the El Feel field, under direction of the Libyan National Army of Halifa Khaftar. This shut down nearly the entirely of Libyan oil production, about 1.1 million barrels per day.
According Aoun, only the Mellitah complex, with the Wafa field are still periodically producing output on a sporadic basis.
With Libya essentially not producing any oil, that will remove 1.1 million barrels per day from the international market and place still more strain on the already strained global oil markets.