Libya's National Oil Corporation announced the resumption of full oil production nearly two months after halting operations at two major fields due to a political crisis. The decision follows the resolution of a conflict involving the Central Bank.

Libya's National Oil Corporation has announced that crude oil production will resume at two of its major fields, where operations stopped in August amid ongoing tensions between the country's dueling authorities.

Libya's eastern-based government said on Thursday that oilfields and facilities would reopen after a dispute over the leadership of the central bank was resolved, potentially ending a crisis that has slashed oil output,

Libya's National Oil Corporation has resumed full oil production at Sharara and El-Feel fields after a two-month shutdown due to a political crisis. The restart follows a resolution of the dispute over the governance of the Central Bank.

Libya will resume oil production starting Thursday, the OPEC nation’s oil minister, Khalifa Abul Sadeq, told Bloomberg in an interview. The move potentially returns hundreds of thousands of barrels a day to global markets after a political standoff in the country.