LIBYA PREPARING TO RESTART OIL OUTPUT AS CENTRA BANK CRISIS EASES. (PHOTO).

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 Libya preparing to restart oil output as central bank crisis eases Libya was preparing to restart oil production that has been shut since late of August after an agreement on a new head of the central bank was reached, two oilfield engineers told Reuters on Tuesday. "We are now waiting for orders from the Corporation (the state oil firm) to resume production at its normal levels after a month-long stoppage," said an engineer from the Jalu 59 oilfield. An engineer from the Elfeel oilfield said they took advantage of the almost one-month closure to carry out maintenance. National production and export operations were stopped in August when the parallel government in eastern Libya declared the closure of oil facilities in a protest of the ousting of veteran Central Bank of Libya (CBL) governor Sadiq Kabir by the Presidential Council in Tripoli. A new CBL governor, Naji Mohamed Issa Belgasem, and his deputy, Mari Muftah Rahil Barrasi were approved on Monday by the two legislativ
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LIBYA APPOINTS CENTRAL BANK GOVERNOR AFTER WEEKS OF IMPASSE. (PHOTO).

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 Libya appoints central bank governor after weeks of impasse


Libya has appointed a new governor for the central bank, under a UN-backed deal to resolve a dispute between the country's rival administrations that halved oil output, according to AFP.


Tensions and violence have risen since August around the central bank in oil-rich Libya, which is split between a United Nations-recognised government in the west and a rival power in the east.


The tensions prompted governor Seddik al-Kabir to flee the country.


After talks facilitated by the United Nations, the rival administrations on Thursday signed an agreement to name a new central bank governor.


Under that agreement 108 members of the parliament, based in Libya's east, voted unanimously to appoint Naji Issa as the new bank chief, with Miree al-Barasee as vice-governor, the parliament said in a statement.


It said the new leadership will name a board of directors within 10 days.


The other signatory to the deal is the High Council of State – which acts as a senate – based in the capital Tripoli, in the country's west, seat of the UN-recognised government led by Prime Minister Abdulhamid Dbeibah.


Libya is struggling to recover from years of conflict after the 2011 NATO-backed uprising that overthrew longtime ruler Muammar Gaddafi.


It remains split between Dbeibah's administration and the rival authority in the east backed by military ruler Khalifa Haftar.

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