In a bid to defuse a crisis that has slashed oil output and exports, the U.N. mission in Libya on Wednesday said rival factions have made progress on talks over the central bank crisis.
The U.N. mission added that they will continue discussions on Thursday to reach a final agreement.
“The participants of the two (legislative) chambers made progress in agreeing on the general principles governing the interim period leading to the appointment of a new governor and board of directors for the Central Bank,” the United Nations Libya mission (UNSMIL) said in a statement.
The meeting hosted by UNSMIL featured representatives from the Benghazi-based House of Representatives, the High Council of State and the Presidential Council, which are both based in Tripoli.
The standoff began last month when Western Libyan factions moved to oust a veteran central bank governor, prompting eastern factions to declare a shutdown to all oil output.
Although Libya’s two legislative bodies said last week they agreed to jointly appoint a central bank governor within 30 days, the situation remains fluid and uncertain.
Libyan oil exports fell around 81% last week, Kpler data showed on Wednesday, as the National Oil Corporation cancelled cargoes amid a crisis over control of Libya’s central bank and oil revenue.
