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Oil blockade: how over-eager US shot itself in the foot

US Ambassador to Libya Richard Norland (l) with the head of the Libyan Central Bank, Al Seddik Omar al-Kabir, January 2022.
US Ambassador to Libya Richard Norland (l) with the head of the Libyan Central Bank, Al Seddik Omar al-Kabir, January 2022. © Central Bank of Libya/Twitter
In its hurry to get Libyan oil production on to a sure footing, the United States rushed through an arrangement intended to depoliticise management of the country's oil revenues. It forgot, however, about Khalifa Haftar, who responded by having two key oil fields shut down. [...]
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Energy, Business

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With billions of dollars of oil revenues in its coffers, the politically powerful Central Bank of Libya has been presided over for a decade by the unbudgeable Al Seddik Omar Al Kabir. It recently began the process of reuniting with its breakaway branch in eastern Libya and found itself straight away in the middle of the tug-of-war between Abdelhamid Dabaiba and Fathi Bachagha for the premiership.

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The Governor of the Libyan Central Bank (LCB) Al Seddik Omar al-Kabir.

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