Libyan Oil Under Threat As Militias Amass In Tripoli - News Summed Up

Libyan Oil Under Threat As Militias Amass In Tripoli


That ceasefire was intended to lead to elections last December, but with neither faction fully in control of the country’s oil wealth and no clear pathway to a vote, elections were postponed. That vacuum has given new players time to regroup, with Bashagha attempting to take over as prime minister, while incumbent Dbeibah refuses to step down in Tripoli. In the meantime, the Libyan National Oil Company (NOC) faces renewed threats of shutdowns as rival forces attempt to control the country’s oil production, exports and distribution of revenues. Libya’s Oil Ministry, at loggerheads with the NOC, has thrown its support behind the new rival prime minister, Bashagha. The UN’s statement comes after rival prime minister Bashagha announced on Thursday that he would go to Tripoli in a matter of days.


Source: Libya Today March 12, 2022 02:01 UTC



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