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US Ambassador Calls for Fair Distribution of Libya’s Oil Revenues

March 3, 2023
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The United States Special Envoy to Libya, Ambassador Richard Norland said that his priority in Libya is the fair distribution of Libya’s oil revenues.

In televised statements, Norland added that Libya “receives large amounts of money every day with the rise in oil prices, yet there are no mechanisms to distribute these funds in a fair and transparent manner.”

He pointed out that the money “goes to a specific group and the citizens are deprived of it. We are trying to help the Libyans establish a mechanism to manage oil revenues.”

He stressed that this “work is ongoing and very important because the ongoing conflict is not distributing the revenues fairly to the Libyans. We must also talk, above all, about a ceasefire and making sure that there is no return to fighting between the various parties. We want to support efforts to gather the armed forces in the east and west of the country, to create a unified Libyan army with all military parties, who can address security issues in the south and through the security working group within the framework of the Berlin Agreement.”

On Wednesday, the Head of the American Chamber of Commerce (AmCham) in Libya, Debbie Hurst and Deputy Head, Ahmed Al-Ghazali met with the Chairman of the Benghazi Chamber of Commerce, Industry, and Agriculture, Munim Al-Saiti and Mayor Saqr Bojwari.

They met to examine “ways to improve their combined cooperation, as well as ways to get around barriers to trade and joint investment.”

Bojwari welcomed the two communities and noted his desire to encourage collaborative efforts. As well as offering to help draw in American investments.

Al-Ghazali reaffirmed the organization’s interest in travelling to Libya, and visiting Benghazi due to its economic importance.

He said that the meeting “was successful because the participants genuinely wanted to cooperate to strengthen the means of shared cooperation, and to remove barriers to trade and collaborative investment.”

Tags: libyaOil RevenuesRichard norlandusUS ambassador
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