Bashagha: The oil shutdown will end if CBL presents the budget to my government

oil and gas - June 18, 2022

The head of the parallel government, Fathi Bashagha, has stated that the blockade of oil facilities in Libya would likely end if the Central Bank of Libya (CBL) provided funds for his government's budget approved by the House of Representatives (HoR).

In a statement to Reuters, Bashagha expected that once he receives the budget and distributes it fairly, the residents of the fields and the Oil Crescent will not mind re-exporting or operating the fields, according to him.

Last Wednesday, the HoR approved the budget of the Bashagha government of 89.6 billion Libyan dinars.


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