Reports from the Libyan National Oil Corporation or recognized international news agencies

Libya's Factions Nominate Naji Issa as Interim Central Bank Governor to Resolve Crisis, Restore Oil Production

Sep 25, 2024, 04:52 PM

Libya's eastern and western administrations have agreed to nominate Naji Issa as the interim central bank governor, a lawmaker said. This agreement is seen as an initial step towards resolving the ongoing crisis and restoring oil production in the OPEC member nation. The crisis talks have resumed as the oil blockade nears its second month, with rival governments at odds over the central bank head. The standoff has significantly reduced crude output and sparked intense mediation efforts. The country's two legislative bodies, including the House of Representatives based in the eastern region, are involved in the discussions.