Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
In a move that threatens to disrupt one of the few still-functioning areas of the Libyan state, two rival arms of the country’s national oil company have issued statements declaring that they are the only body entitled to sell Libyan crude.
The independent operation of National Oil Corporation (NOC) has been one of the few pillars of stability in Libya, facilitating the continued sale of oil and ensuring that the central bank has funds for essential spending such as subsidies on basic consumer goods and government salaries. The neutral role of the central bank has been critical to preventing a further deterioration in the country. Any change in this arrangement, say analysts, would be a serious threat to what little revenues are still flowing into the country (MEES, 13 February).
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE