Categories: Breaking News

Libya: Oil production to restart soon according to General Haftar

Last updated on September 11th, 2021 at 08:24 am

Eastern Libya’s strongman General Khalifa Haftar said oil production would restart soon, ending the 8 months blockade of the nation’s oild fields, that has caused a 10 billion dollars loss in revenue according to National Petroleum Company (NOC).

“(We have decided on) the resumption of the production and export of oil with all the necessary conditions that ensure a fair distribution of its financial revenues so that they not be used to support terrorist militias or be exposed to robbery and looting” said General Commander of the Libyan Arab Armed Forces Khalifa Haftar in a televised address.

Haftar’s Libyan National Army and the UN-recognised Government of National Accord of Tripoli have both agreed last month to cease all combat operations and plan elections in the next 18 months.

The two parties plan to discuss a demilitarisation of the city of Sirta, Libya’s gateway to major oil fields and export terminals, to finally put an end to Libya’s 10 year long crisis.

Haftar’s forces, backed by Russia, Egypt and the United Arab Emirates, control the country’s major oil fields and terminals.

However, The Tripoli-based National Oil Corporation remained skeptical, and previous attempts to end the oil blockade have repeatedly broken down.

Despite having the largest oil reserves in Africa, the blockade in place these last few months has exacerbated electricity and fuel shortages in the country.

(AFP)

Albert Echetah

Recent Posts

Kenya Launches Official Probe intoUgandan Leader’s Alleged Kidnapping

The government of Kenya announced that it is looking into the suspected kidnapping ofKizza Besigye, a well-known opposition politician from…

November 22, 2024

At least 7 members of the Nigerian security forces are missing after insurgentsambushed their convoy

A team of 80 security agents tasked with protecting the electricity grid was ambushed onMonday in Shiroro, Niger State, by…

November 21, 2024

Cryptocurrency Gains Momentum inAfrica Amid Global Shifts in Trump’sElection

Cryptocurrency becomes the new thing in Africa. People shift for stable alternatives aftertheir unstable local currencies. Many people believe Donald…

November 21, 2024

UAE Delivers Lifeline: 30,000 Food BasketsBring Hope to Sudanese Refugees in Uganda

UAE has also distributed 30,000 food baskets to Sudanese refugees in Kiryandongo refugeecamp Uganda to benefit nearly 100,000 affected people.Aid…

November 21, 2024

Turkey wants to increase its trade with Africa to 50 billion dollars

The trade volume between Türkiye and 54 African countries has grown sevenfold, reaching $37 billion from 2003 to 2023, Yılmaz…

November 20, 2024

Tanzania, Botswana, and Mozambique Secure Spots in 2025 Africa Cup of Nations

The final round of the 2025 Africa Cup of Nations qualifying matches was held this week with Tanzania, Botswana and…

November 20, 2024

This website uses cookies.