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Al-Araby
Al-Araby
Libyan oil revenue has dropped by at least 35% in the month-long stand-off between Fathi Bashagha and Abdulhamid Dbeibah which forced several production facilities across the country to close in mid-April, according to oil-price.com. Amid protests, armed attacks and blockades, the National Oil Corporation (NOC) declared a force majeure at al-Sharara and el-Feel oil fields last month, alongside other major sites. The impasse has caused crude oil production to drop to its lowest point since the coronavirus pandemic hit Libyan energy producers hard in 2020. Only this Thursday, armed protesters op…