Libya’s oilfield closures spread in standoff over central bank

Crude oil storage tanks are seen at Azzawiya oil refinery, in Zawiyah, west of Tripoli, Libya July 23, 2020. (Reuters/File Photo)
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Updated 28 August 2024
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Libya’s oilfield closures spread in standoff over central bank

  • In July, Libya, an OPEC member, was producing about 1.18 million barrels of oil per day

BENGHAZI: Libya’s oilfield closures spread on Wednesday as the Sarir field almost completely halted output, two field engineers told Reuters, amid a political dispute over control of the central bank and oil revenue.
Authorities in the east, where most of Libya’s oilfields lie, declared on Monday that all production and exports would be halted.
Sarir was producing about 209,000 barrels per day (bpd) before output was reduced, the engineers said.
Force majeure had already been announced on exports at the 300,000 bpd Sharara oilfield and this week Reuters has reported disruptions at El Feel, Amal, Nafoora and Abu Attifel.
In July, Libya, an OPEC member, was producing about 1.18 million barrels of oil per day.
The move to shut off Libya’s main source of revenue comes in response to the Tripoli-based Presidency Council sacking Central Bank of Libya (CBL) chief Sadiq Al-Kabir, prompting rival armed factions to mobilize.
Prime Minister Abdulhamid Al-Dbeibah, installed through a UN-backed process in 2021 and head of the Tripoli-based Government of National Unity, said this week that oilfields should not be allowed to be shut “under flimsy pretexts.”
On Tuesday, US Africa Command General Michael Langley and Chargé d’Affaires Jeremy Berndt met Khalifa Haftar, the head of a force called the Libyan National Army that controls the country’s east and south.
“The United States urges all Libyan stakeholders to engage constructively in dialogue,” with support from the United Nations Support Mission in Libya and the international community, the US Embassy in Libya said on social media platform X.
Benchmark Brent oil prices were down 1.2 percent to $78.35 per barrel as of 1039 GMT as concerns about Chinese demand and risks of a broader economic slowdown offset concerns about potential supply losses from Libya and elsewhere.


Israel air force hits Houthi targets at Sanaa airport, defence ministry says

Updated 10 sec ago
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Israel air force hits Houthi targets at Sanaa airport, defence ministry says


At least 47 wounded, mostly by gunfire, as Palestinians crowd aid hub in Gaza

Updated 18 min 18 sec ago
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At least 47 wounded, mostly by gunfire, as Palestinians crowd aid hub in Gaza

  • The UN and other humanitarian organizations have rejected the new system, saying it won’t be able to meet the needs of Gaza’s 2.3 million people

GENEVA: A UN official says 47 Palestinians were wounded, mostly by gunfire, when crowd overran Gaza aid hub.

Ajith Sunghay, head of the UN Human Rights Office for the Palestinian territories, told reporters in Geneva that it appeared Israeli army fire had caused most of the injuries.

On Tuesday, crowds of Palestinians overwhelmed a new aid distribution hub set up by an Israeli and US-backed foundation. The crowd broke through fences and an Associated Press journalist heard Israeli tank and gun fire, and saw a military helicopter firing flares.

The distribution hub outside Gaza’s southernmost city of Rafah was opened the day before by the Gaza Humanitarian Foundation, which has been slated by Israel to take over aid operations.

The UN and other humanitarian organizations have rejected the new system, saying it won’t be able to meet the needs of Gaza’s 2.3 million people and allows Israel to use food as a weapon to control the population. They have also warned of the risk of friction between Israeli troops and people seeking supplies.

Palestinians have become desperate for food after nearly three months of Israeli blockade pushed Gaza to the brink of famine.


Gaza rescuers say 16 killed in Israeli strikes Wednesday

Updated 24 min 29 sec ago
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Gaza rescuers say 16 killed in Israeli strikes Wednesday

  • Israel has stepped up its offensive in Gaza this month, aiming for ‘the defeat of Hamas’
  • At least 3,822 people had been killed in the territory since Israel ended a ceasefire on March 18

GAZA CITY, Palestinian Territories: Gaza rescuers said sixteen people were killed Wednesday in Israeli strikes across the besieged Palestinian territory where Israel intensified its operations this month.

“Sixteen people have been killed as a result of Israeli airstrikes on the Gaza Strip since dawn,” civil defense spokesman Mahmud Bassal said.

Among them, nine belonged to the family of photojournalist Osama Al-Arbeed and were killed in a strike on their home in Gaza’s north at 2:00 a.m., Bassal said.

He added that Arbeed was injured, noting that he is a videographer and editor at a local film production organization.

Another six members of the same family were killed in central Gaza in a strike that left 15 people wounded, “including children.”

One other person, a civilian per Bassal, was killed near the southern Gaza city of Khan Yunis.

When contacted by AFP, the Israeli military declined to comment on the strikes, saying it could not do so without precise coordinates.

Israel has stepped up its offensive in Gaza this month, aiming for “the defeat of Hamas,” more than 18 months after the group’s October 2023 attack on Israel triggered the war.

Some 1,218 people were killed in that attack, mostly civilians, according to an AFP tally based on official figures.

Militants also took 251 hostages, 57 of whom remain in Gaza, including 34 who the Israeli military says are dead.

The health ministry in Hamas-run Gaza said on Monday that at least 3,822 people had been killed in the territory since Israel ended a ceasefire on March 18, taking the war’s overall toll to 53,977, mostly civilians.


UNRWA chief warns of the organization’s dire financial state

Updated 33 min 16 sec ago
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UNRWA chief warns of the organization’s dire financial state

  • UNRWA Commissioner-General Philippe Lazzarini gave his remarks during a press conference at the Japan National Press Club in Tokyo

TOKYO: The chief of the UN Palestinian refugee agency (UNRWA) on Wednesday said the organization’s financial situation is desperate, adding that it urgently needs support to continue operations past June.

UNRWA Commissioner-General Philippe Lazzarini gave his remarks during a press conference at the Japan National Press Club in Tokyo.


Prabowo: Indonesia may recognize Israel if Palestine gains independence

Updated 44 min 18 sec ago
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Prabowo: Indonesia may recognize Israel if Palestine gains independence

  • The Indonesian President said the two-state solution and the freedom of Palestine is the only way to achieve true peace
  • French President Emmanuel Macron also reaffirmed his wish to see a two-state solution

JAKARTA: Indonesia, the world’s largest Muslim-majority country, is willing to recognize and open diplomatic relations with Israel if an independent Palestinian state is recognized by Tel Aviv, Indonesian President Prabowo Subianto said on Wednesday.

“The two-state solution and the freedom of Palestine is the only way to achieve the true peace. We must acknowledge and guarantee Israel’s rights as a sovereign country that must be paid attention to and guaranteed safety.

Indonesia has stated that once Israel recognizes Palestine, Indonesia is ready to recognize Israel,” he told a news conference.

Standing alongside visiting French President Emmanuel Macron, Prabowo said Israel’s security needs to be guaranteed, and that France would also continue to support steps toward independence for a Palestinian state.

Indonesia does not recognize or share any diplomatic relations with Israel.

French President Emmanuel Macron also reaffirmed his wish to see a two-state solution to the Israel-Palestinian conflict and said there were no double standards in French policy toward the Middle East.

Macron is leaning toward recognizing a Palestinian state, diplomats and experts say, a move that could infuriate Israel and deepen Western splits. 

“Only a political solution will make it possible to restore peace and build for the long term,” Macron said.

“Together with Saudi Arabia, we will soon be organizing a conference on Gaza in New York to give fresh impetus to the recognition of a Palestinian state and the recognition of the State of Israel and its right to live in peace and security in this region.”