Wednesday, June 4, 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

Britain Calls for Dialogue over Equitable Oil Revenues’ Distribution in Libya

July 12, 2020
Share on FacebookShare on Twitter

On Saturday, the British Embassy in Libya called on all parties to engage in a UN-led dialogue to reach consensus amongst Libyan parties on an equitable distribution of oil revenues and the promotion of transparency.

In a tweet on its Twitter account, the British embassy said that the equitable distribution of oil and gas revenues is an important step towards achieving a lasting political settlement in the North African country.

The embassy also welcomed the announcement that the country’s National Oil Corporation (NOC) had resumed oil exports in the country after a half-year blockade.

It added that the oil blockade has cost Libya over $6bn and damaged critical infrastructure.

The NOC lifted force majeure on all oil exports on Friday, releasing the blockade on the oil field and allowing a ship to export oil for the first time in six months.

The move was welcomed by the UK on Saturday, with the embassy also calling for a resumption of the UN dialogue aimed at stopping the conflict between the Libyan National Army (LNA) and the Government of the National Accord (GNA).

Tags: BritishEmbassylibyaoilrevenues
Next Post

Parliament Speaker to Visit Italy for Talks over Libyan Crisis On Tuesday

POPULAR CATEGORIES

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

MUST READ

Libyan Pilgrim Dies in Makkah During Hajj

IOM: 300 Migrants Returned to Libya in a Week

Greece Eyes Libya Cooperation to Block Boats from Eastern Coast

Benghazi Airport to Open in 2026

Saddam Haftar Attends French-Led Mediterranean Military Summit

Haftar: Libyan National Army Ready to Facilitate Elections

EDITOR PICKS

Schlumberger & Sirte Oil Plan New Drilling Projects in Libya

UN Slams Libya over Abuse in Tripoli Detention Sites

Egypt & UAE Reaffirm Commitment to Libyan Stability

Libyan Pilgrims’ Sacrifices Covered by State

Benghazi Airport to Open in 2026

UNSMIL: Libyan Journalists Face Rising Online Abuse

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

© 2024 LR

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

© 2024 LR