NOC clarifies type of deal under discussion to end oil blockade – discounts numerous reportsBy Sami Zaptia. It said that the current framework for the negotiations is ‘‘limited to the reopening of production’’ and that ‘‘all oil revenues will continue to be deposited in the same NOC accounts’’. It, therefore, discounted talk of a ‘‘food for oil’’ type of deal overseen by the international community or a regional redistribution of oil revenues directly to Libya’s three historical provinces (west, east and south). It also did not reveal how long it would ”retain” oil revenues for, before releasing them to the internationally recognized government in Tripoli. This implies an attempt to reform the Petroleum Facilities Guards (PFG) who are the state-paid security units charged with ‘‘protecting’’ Libya’s oil facilities.

Source: Libya Today July 01, 2020 21:11 UTC