More than two weeks into a forced oil blockade and Libya is starting to feel its effects. Output has dropped more than 1mn b/d to 164,000 b/d (see chart). Oil revenues which keep the country afloat will soon fall to zero. And for now, the key instigator of the crisis, eastern general Khalifa Haftar, looks unlikely to give in.
Libya is deeply divided. It has two rival governments, two central banks and two national oil companies. The chaos following the 2011 overthrow of Muammar Gaddafi has decimated critical infrastructure and led to the fragmentation of Libyan society. (CONTINUED - 834 WORDS)