A recent report from OilPrice suggests that a swift resolution to Libya’s oil export blockade, imposed by forces aligned with Khalifa Haftar, is unlikely.
The report indicates that Haftar’s forces are benefiting financially through their private company, Arkono Oil, which has secured exemptions to export oil despite the blockade.
Arkono is reportedly set to export one million barrels of crude oil to Italy via a Turkish trading company. Despite Turkey’s historical backing of the Tripoli-based government, Turkish traders are making deals with Haftar’s forces to facilitate these exports.
The report also suggests that Libya’s National Oil Corporation (NOC) lacks full control over the country’s oil sector, with international companies closely monitoring the flow of oil and revenue. The ongoing competition for control over Libya’s oil resources is expected to remain a focal point in the country’s protracted conflict.
Economy
