EXPLAINER – AS CONFLICT FLARES ONCE MORE, WHAT’S AT STAKE FOR LIBYA’S OIL?

On 12th April, Hellenic Shipping News provided this article says Eastern-based Libyan forces commanded by Khalifa Haftar have launched an offensive to take control of Tripoli, the capital, plunging the OPEC country into a new round of armed conflict.  His Libyan National Army (LNA) faces fierce resistance from rival military groups, and oil prices have risen above $70 per barrel on fears of new losses to Libyan production.  As a major supplier of oil and gas to Europe and starting point for migrant flows into Italy, much is at stake if the country slips into further turmoil.

https://www.hellenicshippingnews.com/explainer-as-conflict-flares-once-more-whats-at-stake-for-libyas-oil/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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