Sunday, October 5, 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

Russia Says Libya’s Oil Revenues Must Be Distributed Equally

July 21, 2020
Share on FacebookShare on Twitter

On Tuesday, the Russian Foreign Ministry stressed the need for Libyans themselves to manage their natural resources, without any external interference.

“Until recently, the proceeds of oil sales abroad accumulated in the Central Bank of Libya, which is controlled by the Government of National Accord (GNA)” the Ministry said in a statement.

“Although most of the deposits are located in the east of the country, the residents of this region were deprived of the opportunity to use oil revenues. This abnormal situation eventually caused the suspension of oil exports,” it added.

The Russian Ministry of Foreign Affairs indicated that each of the three historical regions in Libya — Tripolitania, Barqa, and Fezzan — have the right to equal opportunities to income trom the oil revenues.

“It is necessary to create the appropriate conditions, first and foremost, and to resume the coordinated work of the national institutions responsible for managing the oil sector and the financial returns, namely the National Oil Corporation and the Central Bank. These must ensure a fair distribution of income from oil and gas exports among all Libyans without any discrimination,” the statement concluded.

Tags: DistributedEquallyforeign ministrylibyaoilRussia
Next Post

Turkish President Follows Latest Libyan Developments

POPULAR CATEGORIES

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

MUST READ

Libya Ranked Among World’s Slowest Countries for Internet Speed

Libya Tightens Health Rules For Incoming Foreign Workers

Inter Milan to Face Atlético Madrid in Libya’s Benghazi

Haftar Praises Tribal Role in National Reconciliation

Libyan Central Bank Pledges Action Against Black Market Currency Trade

NIHRL Reports Violations Against Migrants in Libya

EDITOR PICKS

Libya Policy Brings Turkey & Italy Closer to Washington

Training Program for Libyan Architects Launched in Italy

Libya’s Brega Increases Daily Fuel Supplies to Southern Region

Libya Reports No Power Shortage After Completing 148 Energy Projects in Eastern Libya

Libya Ranked Among World’s Slowest Countries for Internet Speed

Haftar Praises Tribal Role in National Reconciliation

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

© 2024 LR

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

© 2024 LR