Monday, June 2, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Italy-France Discuss Resuming Libyan Oil Production

July 1, 2020
Share on FacebookShare on Twitter

Italian Foreign Minister, Luigi di Maio left for Paris on Wednesday to meet with his French counterpart, Jean-Yves Le Drian. They are due to discuss the resumption of production, and exportation of Libyan oil, that has been stalled since the oil blockade in January.

This meeting is the second between the two FM’s since the opening of the EU’s internal borders, and comes in the framework of coordinating joint efforts, between both countries regarding the ongoing crisis.

Di Maio believes that ending the oil blockade was an urgent priority. This is because the suspension of oil production, was helping to exacerbate the suffering of the Libyan people, according to the Italian News Agency ‘Aki’.

The British newspaper ‘The Guardian’, revealed details of an earlier agreement stating the opening of oil facilities, and the division of oil revenues between three banks. Under this agreement, the National Oil Corporation (NOC) would resume production, with the oil revenues deposited directly to the Central Bank of Libya in Tripoli. This would come with an agreement not to use the funds for military purposes. Currently, the eastern tribal leaders are being consulted concerning the plans, The Guardian added.

On Monday, the NOC announced ongoing negotiations in the past few weeks with the Government of National Accord (GNA), the United Nations, the United States, and countries in the region to resume oil production.

Tags: Di MaioFraceItalyLe DrianlibyaoilProduction
Next Post

Former Arab League Secretary-General Calls For Ceasefire In Libya

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Tripoli Government Assigns “Ali Al-Abed” as Acting Oil Minister

Libya’s National Security Adviser Participates in Moscow Security Forum

HRW: Libya’s Detention Centres Rife with Abuse

IOM: 300 Migrants Returned to Libya in a Week

Libya Moves to Regulate International NGOs’ Work

Italian Report: Libya Becomes Strategic Platform for Turkish Ambitions

EDITOR PICKS

Libyan Central Bank: Foreign Trade Rises by 35% Over 4 Years

Greece Eyes Libya Cooperation to Block Boats from Eastern Coast

French Report: €1.8 Billion in Gold Smuggled Through Libya

Tunisia Reiterates Support for a Libyan-Led Political Settlement

IOM: 300 Migrants Returned to Libya in a Week

Tripoli Government Assigns “Ali Al-Abed” as Acting Oil Minister

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR