Libya - 06

Libya: Eastern NOC Backs Away from Unification Deal

Elements in eastern Libya that have long sought to overturn the existing oil revenue system are again trying to assert themselves after Haftar’s LNA managed to recapture the Sidra and Ras Lanuf terminals. (Under the system, revenue is deposited in a foreign bank account and then transferred to the Central Bank of Libya (CBL) in Tripoli.) The loss of the two ports to anti-Haftar forces earlier this month shook his support base in eastern Libya and served to harden already uncompromising views on the way forward after the facilities were recaptured this week.

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