Libya battles Qatar-backed rival government for control of oil revenues

By on

Special to WorldTribune.com

CAIRO — Libya has launched a war for control over the vast oil revenues.

Two rival governments are competing for control of Libya's oil income. / Reuters
Two rival governments are competing for control of Libya’s oil income. / Reuters

One of Libya’s two governments said it would block payment of oil revenues through bank accounts in Tripoli. The recognized government led by Prime Minister Abdullah Al Thini said it would control oil revenues through the state-owned National Oil Corp.

“Central accounts existing in Tripoli will be closed,” Al Thini said.

In an interview on Dec. 10 with the Saudi-owned Al Arabiya satellite channel, Al Thini said control over the billions of dollars in oil revenues would take several weeks.

He said his government would establish an alternative system that would deny the rival government led by the Qatar-supported Libyan Dawn access to the Central Bank.

Libya battles Qatar-backed rival government for control of oil revenues added by on
View all posts by World Tribune →

You must be logged in to post a comment Login