Since its founding in the eastern city of Benghazi in early 2023, Libya’s first and only private oil firm Arkenu has been operating quietly, keeping a low profile while positioning itself as a major player in the country’s lifeblood oil sector.
As it developed a substantial list of assets and partners, securing contentious deals with state firm Agoco and international services giant SLB, Arkenu has attracted controversy and scandals involving top officials in Libya’s divided east and west administrations. (CONTINUED - 1573 WORDS)
