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Wednesday, 28 October 2020

Libya's Haftar says army has decided to resume output of oil

Reuters , Friday 18 Sep 2020
Khalifa Haftar
Commander of the Libyan National Army (LNA) Khalifa Haftar REUTERS
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Commander of the Libyan National Army (LNA) Khalifa Haftar said on Friday his forces would let oil production resume after an eight-month blockade and a senior politician in Tripoli said a committee would be formed to ensure fair distribution of revenues.

However, National Oil Corporation (NOC), which operates Libya's energy sector, said overnight it would not lift force majeure on exports until oil facilities were demilitarised.

Libya and many of its state institutions have been split for years between the internationally recognised Government of National Accord (GNA) in Tripoli and Haftar's (LNA in the east.

"It was decided to resume production and export of oil with all the necessary conditions and procedural measures that ensure a fair distribution of its financial revenues," Haftar said in a televised broadcast.

In Tripoli, the GNA's deputy prime minister, Ahmed Maiteeg, issued a statement immediately after Haftar's speech also saying it "had been decided" to resume oil production and adding this would involve a new committee to oversee revenue distribution.

The committee would coordinate between the two sides to prepare a budget and transfer funds to cover payments and deal with the public debt, he said.

GNA Prime Minister Fayez al-Sarraj said on Wednesday he planned to step down by the end of October and analysts have said this would lead to political jockeying among other senior figures in Tripoli to succeed him.

*This story was edited by Ahram Online. 

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