Libyan oil production and exports are set to drop again after two export terminals were blocked on Thursday, and protesters threatened on Friday to close another oil port. Groups of protesters closed the Ras Lanuf and Es Sider oil export terminals on Thursday, demanding a transfer of powers from Prime Minister Abdul Hamid Dbeibah, who has been refusing to step down for newly sworn-in eastern Prime Minister Fathi Bashaga. The Parliament-backed Bashagha has the support from eastern Libya and its east-based parliament, while Dbeibah is based in Tripoli. The Parliament voted in Bashaga for prime minister earlier this year, but Dbeibah has refused to step down. The political rift, also because of the distribution of oil revenues, has already crippled Libyan production and exports in April and May. Libya’s largest oilfield, Sharara, restarted oil production this weekend following weeks of shutdown over protests, but was closed again just a […]