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Libyan official rejects blame for flood disaster ieyenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ieyenews.com Daily Mail and Mail on Sunday newspapers.
As Libyan oil flows resume so does a feud over revenues
Oil exports resumed recently after Haftar s eight-month blockade was lifted [Getty] Date of publication: 9 December, 2020 Share this page:
Comment: A resolution to Libya s enduring conflict will require resolving how oil revenues are distributed, writes Guma El-Gamaty.
In Libya, the struggle for control over power and wealth continues in a country where wealth is derived almost exclusively from oil revenues. Controlling this vast natural resource is a prime driver of conflict among Libyan groups, with many competing to secure a share of the benefits.
To complicate things further, some foreign players interfering in the Libyan conflict also have active stakes in Libya s oil and gas industry, or are eyeing future investment opportunities for their companies. Italy s Eni and France s Total have joint ventures with the National Oil Corporation (NOC) in Tripo