Special to WorldTribune.com

CAIRO — Libya plans to decentralize its energy sector in wake of the
fall of Col. Moammar Gadhafi.

Officials said Libya’s state-owned National Oil would no longer have sole control over the North African nation’s crude oil and natural gas sector.

They said subsidiaries would be allowed to hold tenders and issue awards in different regions of Libya.

The decentralization policy was meant to accelerate development of regions throughout Libya.

The eastern region has already called for autonomy, with leaders saying they’ve been long ignored by the Tripoli regime.

Libya’s new policy was outlined in an energy summit earlier this month in the Italian capital of Rome.

One NOC subsidiary, Arabian Gulf Oil Co., based in Benghazi, has already asserted that it would seek to control budgets and projects.

  Arabian Gulf Oil Co., energy summit in Rome, Libya decentralizes energy policy in move seen aiding development of other regions, Moammar Gadhafi, National Oil