Libyan Central Bank warns of financial collapse if oil production not restored

A picture taken on September 24, 2020 shows a partial view of the Brega oil port some 270kms west of Libya's eastern city of Benghazi. - Libyas state oil firm lifted force majeure on what it deemed secure oil ports and facilities on September 20, a day after strongman Khalifa Haftar said he was lifting a blockade on oilfields and ports. The blockade, which has resulted in more than $9.8 billion in lost revenue according to the state-run National Oil Corporation (NOC), has exacerbated electricity and fuel sh

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UN acting envoy to Libya Stephanie Williams wears a protective mask before giving a press conference in the Tunisian capital Tunis on November 11, 2020, following 2 days of talks, hosted by the UN on the Libyan conflict. - The delegates "reached a preliminary roadmap for ending the transitional period and organising free, fair, inclusive and credible presidential and parliamentary elections," Williams told journalists.
After years of conflict sparked by a 2011 NATO-backed uprising, Libya has two rival admi

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Libyan Central Bank warns of financial collapse if oil production not restored

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