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Why is it wrong to share Libyan oil revenue now?

28 8 20

Foreign countries are now openly fighting their proxy war on Libyan soil and deciding on war, peace, and even when the country can resume its oil exports. In an unusual statement, Mustafa Sanalla, chairman of Libya’s National Oil Corporation (NOC) revealed that negotiations were underway to lift the oil blockade. Oil production and exports were suspended over five months ago by forces loyal to the Libyan National Army (LNA), led by General Khalifa Haftar. Without naming any specific country, Sanalla confirmed that the talks involved international and regional powers in yet another indication of the deep involvement of foreign powers in the Libyan conflict, in which oil is pivotal. Earlier media reports described the talks as discussions on how to redistribute the country’s oil revenue among its three historical regions – an idea that has the potential for negative consequences on Libya’s territorial integrity.

The Guardian newspaper first broke the news on 29 May in a report quoting unnamed sources stating that Libya’s oil revenue is to be divided between the country’s three historical regions: Tripolitania in the west, Cyrenaica in the east and Fezzan in the south. The United Nations Support Mission in Libya, in a 6 July statement, confirmed that discussions took place with the aim of preventing the “illicit use” of oil money and to help Libyans agree on: “An equitable distribution of oil and gas revenues.” The talks took place within the Economic Working Group of the International Follow-up Committee on Libya. The group was set up after the Berlin Conference on Libya last January, that made several........

© Middle East Monitor