The resignation of Libya’s deputy oil minister, Refaat al-Abbar, last week threatens to make the current uneasy situation in Libya’s oil sector even worse. As it stands, Libya is currently producing around 1.2 million barrels per day (bpd) of crude oil, but has plans to increase this to 1.45 million bpd by the end of this year, 1.6 million bpd within two years and 2.1 million bpd within three to four years The resignation of Libya’s deputy oil minister, Refaat al-Abbar, last week threatens to make the current uneasy situation in Libya’s oil sector even worse. With close ties to the Benghazi-based Libyan National Army (LNA) and to the Tripoli-based Government of National Unity (GNU), he is regarded as a trusted figure by both sides in the country’s ongoing civil war. He is also seen by potential foreign investors as an important figure for some semblance of stability in […]