Sanallah: Ongoing conflict in Libya not linked to distribution of oil revenues

Sanallah: Ongoing conflict in Libya not linked to distribution of oil revenues

September 02, 2020 - 20:17
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Written By: AbdulkaderAssad

The Chairman of the National Oil Corporation Mustafa Sanallah stressed that the ongoing conflict in Libya has nothing to do with the distribution of oil revenues; saying it is rather a conflict between parties that want to control the wealth of the Libyan people.

His remarks came in two separate meetings with the Italian Foreign Minister Luigi di Maio and European Union's High Representative Josep Borrell.

NOC indicated that Sanallah and di Maio discussed the blockade of oil facilities in Libya, as the meeting came after the Italian Foreign Minister visited Tripoli Tuesday to meet with the Head of the Presidential Council Fayez Al-Sarraj and other Libyan officials.

NOC said Di Maio had reaffirmed his full support for the initiative proposed by the corporation to resume production and export of oil, and freeze its revenues in the corporation’s account in the Libyan Foreign Bank.

The NOC also indicated that those steps would be done in parallel with the launch of an economic path that ensures the achievement of financial transparency in Libya.

Sanallah met also with Josep Borrell. They discussed the effects of illegal blockades on the Libyan national economy.

During the meeting, Sanalla commended the EU efforts to lift the blockade imposed on oil facilities since January to this date, and stressed the important role played by the EU in supporting NOC’s initiative to resume the production and export of the Libyan oil.

NOC Chairman also stressed that the ongoing conflict in Libya has nothing to do with the distribution of oil revenues; it is rather a conflict between parties that want to control the wealth of the Libyan people.

Borrell praised the corporation for its neutrality and effective contribution to Libya’s economic recovery. He also affirmed the EU’s full support for NOC’s initiative to resume production and export of oil and to freeze its revenues in NOC’s account in the Libyan Foreign Bank.

“This is in parallel with the launch of an economic path that ensures financial transparency, in addition to restoring security arrangements regarding the security of the corporation’s facilities and evacuating all oil sites from mercenaries and armed presence. The resumption of oil production is necessary in order to ensure a brighter future for all Libyans.” He said.