Who Gets Control Of Libya’s Oil As The Guns Go Silent?

21 Mar 2017   Libya

The Libyan National Oil Corporation expects to soon regain control over the Es Sider and Ras Lanuf oil terminals, which were the point of clashes between the Libyan National Army and the Benghazi Defense Brigades that ended last week with the LNA taking the ports back from the BDB. Although there was doubt as to whether the LNA would be willing to pass control over the ports to the NOC again, the company’s chairman told Reuters there is no reason to doubt. Doubts are likely to remain, however, as last week saw developments that may lead to the split of the NOC along government/parliament lines. The LNA is loyal to the Tobruk-based House of Representatives, the Libyan parliament, which opposes the UN-backed Government of National Accord. The GNA, together with Libya’s central bank, controls the oil export revenues from the four ports in the Oil Crescent. When the LNA […]

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