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EU Ambassador Urges Fair Distribution of Libya’s Oil Revenues

August 24, 2023
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On Wednesday, the European Union’s Ambassador to Libya, José Sabadell underscored the necessity of ensuring transparent and equitable distribution of Libya’s oil revenues.

Taking to Twitter, Sabadell stated, “As I near the end of my tenure as the EU Ambassador to Libya, I was honored to have a productive dialogue with Mohammed Al-Mnifi, the head of Libya’s Presidential Council. I conveyed my appreciation for his unwavering commitment and support during our interactions.” He reiterated the EU’s faith in the crucial role of the Presidential Council, in fostering sustainable peace in the region.

Highlighting the potential of the High Financial Committee, Sabadell emphasised its capability in turning the economy into a force for peace. He expressed that “ensuring transparent governance and equitable sharing of the nation’s oil wealth is imperative for future stability.”

The Ambassador pinpointed the Committee as a “pivotal instrument in propelling the economy towards peace.” He stressed that ensuring transparency and a fair distribution of the country’s oil income would be paramount.

Last week, the EU High Representative for Foreign Affairs, Josep Borrell drew attention to the ongoing fragility of Libya’s security situation. He emphasised the need for swift elections, to establish a durable and comprehensive political solution.

In a statement regarding the clashes in Tripoli, Borrell stated, “The European Union is deeply concerned and actively monitoring the unfolding violent events in Libya.”

He urged all parties to refrain from hostilities, and to engage in dialogue in order to de-escalate the situation and restore calm. As well as for all parties involved to uphold their obligations under International Humanitarian Law, and to ensure the protection of civilians.

Borrell affirmed that Libyans “are tired of being caught in the crossfire and deserve their aspirations for peace to be finally heard and fulfilled. The latest events are a vivid reminder of the fragility of the security situation in Libya and the urgent need for elections in order to find a sustainable and inclusive political solution. The EU reiterates its firm support to the mediation efforts led by the UN and its representative on the ground, Abdoulaye Bathily.”

Earlier this month, Libya’s Emergency Medical Centre reported 27 people dead, and 106 wounded during the two days of fighting in Tripoli, according to Al-Ahrar TV.

Fierce fighting broke out for two days between the influential 444th Brigade and the Al-Radaa, or Special Deterrence Force (SDF).

These clashes underscore the ongoing power struggles among various militias since the overthrow of Muammar Gaddafi in 2011.

Tags: euEuropean UnionJose SabadelllibyaOil Revenues
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