Damage to the decision of the House of Libya representatives to stop the operation of oil and gas wells for three days exceeded $ 120.3 million, the Libyan National Oil Corporation (NOC) said.
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On Monday, August 26, the government in east of Libya, endowed with the authority of the House of Representatives (parliament), announced force majeure at all deposits, ports, oil organizations and enterprises and the suspension of oil production and export to further notification.
The decision to suspend prey was made against the backdrop of disagreements with the Libya Government recognized by the international community, which is located in the west of the country. The contradictions relate to the leadership of the Libyan Central Bank.
The Central Bank of Libya previously announced that he had suspended all his operations due to the abduction of the manager of information technology on August 18 Musab Muslim.
The Presidential Council of Libya on the same day announced a unanimous decision to elect the new president of the Central Bank of Libya and form a new composition of the board.
The decision was made in order to ensure financial and economic stability in the country, the effective and effective fulfillment of its duties, as well as to ensure the continuity of financial services, the presidential council noted.
In the House of Representatives of Libya on August 19, they announced disagreement with the decision of the Presidential Council. Since 2011, the Central Bank of Libya has been led by Sydedyk al-Kubir.