Libyan forces set conditions for lifting oil blockade

Business Insider | Jul 13, 2020 at 2:00 AM
  • Forces loyal to a Libyan commander said they will only allow the reopening of oil fields and terminals once a mechanism has been set up to fairly distribute revenue across the country, which is split between rival, warring factions.
  • In a statement late Saturday, Ahmed al-Mosmari, a spokesman for Hifter’s forces, called for oil revenues to flow into a bank account in a foreign country with a “clear mechanism” to distribute funds fairly among Libya’s regions.
  • In recent weeks, “regional countries” have been quietly negotiating with the Tripoli-based government over the distribution of oil revenues in talks supervised by the U.N. and the U.S..