8,476 Active Recruiters     Over 2 Million Candidates Globally

  1. Keep me logged in
  2. forgot password

Checkout Jobs Basket (0)

You can checkout a maximum of 150 jobs.

Signup Better for Candidates

  • Create a free virtual CV and let recruiters find you
  • Automatically have your profile matched to suitable Oil & Gas positions
  • Link to your profile using it as a free online CV
  • Store all your employment documents to your profile for easy sending
  • Always receive feedback on positions applied for

Signup Better for Recruiters

  • Suitable candidates automatically matched to your position
  • View candidate profiles for free
  • No more waiting for candidates to respond to job advertisements
  • Only ever pay when you match a candidate to a position
  • No more cold calling and sorting through out dated CVs

Oil Shutdown a ‘Bullet in the Head,’ says Libyan Central Bank

Published in Oil Industry News on Wednesday, 29 January 2020

Graphic for News Item: Oil Shutdown a ‘Bullet in the Head,’ says Libyan Central Bank

Libya’s Central Bank Governor Sadiq Al-Kabir called on the international community to help end a week-long shutdown of oil ports by eastern military commander Khalifa Haftar, likening the closures to a “bullet in the head.”

It is too early to assess the damage from the blockade that’s halted crude exports from the OPEC country and forced the National Oil Corp. to declare a force majeure on supplies, Kabir said in an interview on Bloomberg Television. The shutdown comes after a year of economic growth and reforms in the war-torn country, which sits atop Africa’s largest oil reserves, he said.

Haftar, the military leader who controls critical parts of the country, crippled oil production and closed ports last weekend while haggling over a truce with the national government. The closure of oil ports resulted in output declining to 320,000 barrels a day from 1.2 million, and in losses totaling $256 million as of Jan. 18, Jazeera reported Saturday, citing the country’s oil national corporation.

One of Haftar’s main demands has been the removal of Kabir and a fairer distribution of oil revenues to support the historically marginalized eastern part of the country.

Kabir denied there is spending disparity. “The fair distribution is there,” he said, adding that the bank issues regular reports on its finances. Oil accounted for 93% of state revenues and 70% of spending, with a large portion going to public salaries, he said.

Kabir said he would be willing to step down if legal conditions in a 2015 United Nations political deal were met. The country has two rival governments, each controlling a parallel central bank and national oil company.

“We hope that there will be support from the international community to resume the production and export of oil, in a quicker way,” Kabir said.Source: www.worldoil.com

Please leave comments and feedback below


Libyan Oil and Gas, Libya Oil and Gas Wintershall Oil and Gas, Oil and Gas News

Oil and Gas News Archive

Latest Oil & Gas News

Featured Companies

  • View All JobsOMPA

    Offshore Marine People & Academy (OMPA) is a global provider of personnel and training to the renewables, oil & gas, telecommunications and marine industries.

    With over 15 years' industry experience, we work with candidates to match them to the right roles and equip them with the skills and knowledge needed to succeed. Our job is to exceed your expectations.

    Visit us online: offshorempa.com

  • View All JobsChronos Oil and Gas

    Chronos Oil and Gas is one of the fastest growing and best placed recruitment agencies in the sector.

    With over 300,000 candidates on our database and an international team of specialist recruiters we work with clients to staff major projects around the world.

    Register your CV at www.chronosoilandgas.com

  • View All JobsNatural Resources

    Natural Resources is a UK based recruitment company providing personnel of all disciplines and nationalities worldwide.

    We represent clients and candidates at all levels who operate globally within oil & gas, renewables, nuclear, power, mining, marine, drilling, construction and petrochemicals. Our client base includes energy and construction.

    Visit Natural Resources at natural-resources.com