Is Libya Facing A New Oil Crisis?

Libya’s National Oil Corporation (NOC) condemned on Thursday the setting up of a parallel board of directors at one of its key subsidiaries, fuel distributor Brega Petroleum Marketing Company (BPMC), saying that attempts at politicizing the oil sector puts Libya at risk of partition. BPMC, which is based in eastern Libya, has seen some board members break away and accuse parent company NOC of deliberately cutting jet fuel and kerosene supply to the eastern part of the country, controlled by eastern strongman General Khalifa Haftar. Sources…