Libya’s eastern-based parliament on Monday approved the appointment of a new board of directors of the central bank.
A parliament spokesman Abdullah Belhaiq said both parties agreed last month to appoint a new governor and his deputy.
Belhaiq posted the decision on social media platform X, adding that the decision shows that the new board of directors includes six members.
He said Naji Issa was approved last month by Libya’s two legislative bodies, the House of Representatives in eastern Benghazi and the High State Council in Tripoli, as the new central bank governor replacing Sadiq al-Kabir, who was ousted by the head of Tripoli-based Presidential Council, Mohamed Menfi.
Mari Muftah Rahil Barrasi was approved as deputy governor.
Menfi’s move led to a crisis that has slashed the country’s oil output when the parallel administration in the east announced on Aug. 26 the closure of production and exports in a protest.
After Issa’s approval by the two bodies, the parallel administration announced the reopening of all oilfields.
Then the state oil firm, National Oil Corporation (NOC), said in a statement it had lifted force majeure at all oilfields and terminals as of Oct. 3.
NOC said last week Sunday the country’s crude oil and condensates output over the previous 24 hours reached 1,327,646 barrels per day.
