A leadership dispute between rival governments in Libya has led to the suspension of oil production in the country. The central bank, which controls billions of dollars in oil revenue, is at the center of the political conflict. The governor of the bank has fled the country due to fears for his life.
For the past decade, two rival governments have been vying for power and control of Libya’s oil reserves. The internationally recognized government in the west recently replaced the central bank governor, leading to objections from the administration in the east, which controls most of the oil fields.
As a result, oil production has been halted, raising concerns about the impact on the economy. There are also fears that this latest feud could push Libya closer to civil war once again.
Guests on a panel discussing the situation include Faraj Najem, a historian and political researcher, Claudia Gazzini, a senior analyst at the International Crisis Group, and Mustafa Fetouri, an independent Libyan academic.
The dispute over the central bank adds to the long-standing political instability in Libya, with multiple factions competing for power and resources. The country’s oil production is crucial to its economy, and any disruption in production could have far-reaching consequences. The international community is closely watching the situation in Libya, hoping for a peaceful resolution to the conflict.
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