Uncertainty Looms Large Over Libya's Oil Industry - News Summed Up

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Uncertainty Looms Large Over Libya's Oil Industry


Three weeks ago, General Haftar backed a proposal to set up a new rival interim government to challenge the GNU in Tripoli. Last week, threats emerged from the east of another oil export blockade until the distribution of oil revenues is sorted. It’s always been about control of the oil and oil revenues, with Haftar’s LNA maintaining the capability to physically block oil exports, and Tripoli maintaining the capability to control oil revenues and how they are dispersed. Haftar has issued a clear ultimatum: Come up with a fair division of oil revenues by August or there will be another oil export blockade. We are now in a situation in which General Haftar’s LNA has been mobilized and prepared for action, while “talks” are apparently being undertaken by both sides on revenues.


Source: Libya Today July 14, 2023 12:28 UTC



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