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


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).