Oil politics driving Libya closer to failure

in BreakingNews @en by

New tensions between Libya’s UN.backed government and the powerful NOC (Libyan National Oil Corporation), threatening recent economical recovery of oil sector. On Monday, NOC Chairman Mustafa Sanalla announced that the country has built its oil production up to 760,000 barrels per day and planned to go ahead with plans to expand production to 1.1 million bpd by August of this year. However, Sanalla, has openly criticised GNA policy toward global economy and Oil production on the country. He underlined that Oil will be the “lifeblood of any successful futur government in Libya”, and recalled that during Khadaffi’s time, 90% of Tripoli’s revenues was found on oil production. NOC had been closer of LNA (Libyan National Army) and general Haftar since few weeks, due to his capacity to maintain a unity in oil production.

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