Libya - 05

Libya: Al-Thinni Government Maneuvers Reveal Emirati Influence

Following earlier forceful statements from Prime Minister Abdullah al-Thinni that his government is determined to bypass main National Oil Corporation (NOC) and Central Bank of Libya (CBL) infrastructure in Tripoli to access oil revenue, the head of the eastern parallel NOC, Mabrouk Buseif, recently claimed that the government will open a bank account in the UAE within two weeks for this purpose. According to Buseif, oil revenue deposited in this account will then be transferred to the CBL branch in Baida, the eastern town where the Thinni government is based.

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