The decision to declare a state of force majeure in all oil fields, ports, institutions and facilities was taken by Libya’s alternative government, Libyan channel The Libya Observer reported on August 26.
This decision means halting oil production in Libya and stopping its shipment from the country’s ports.
Libya’s Alternative Government, headed by Osama Hamad, said the decision was taken in response to attacks on the leadership, staff and management of the Central Bank of Libya by illegal armed groups, incited and facilitated by the Libyan Presidency Council.
According to the alternative government, stopping oil production in Libya will preserve public funds and protect the funds of Libyans.
Recall that on August 18, 2024, the Libyan Presidential Council announced that it had decided to remove the head of the Central Bank of Libya, Siddiq al-Kabir, from office. The Presidential Council said that the decision was taken unanimously by all its members as part of the national responsibility to preserve the country’s resources and prevent them from causing harm.
Source: Rossa Primavera
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