Rival Libya administration threatens to block oil exports ...Kuwait

The head of Libya's east-based administration threatened Saturday to block oil and gas exports from territory under its control, claiming the UN-recognised government in Tripoli was wasting energy revenues. Oussama Hamad also said in a statement that he had "frozen" 2022 oil revenues "equivalent to more than 130 billion dinars (around $27 billion)" as a first step. The east-based government, which does not recognise the authority of the Government of National Unity based in Tripoli, is ready for more steps, including an oil blockade, and would seek a legal ruling, he said. "We are ready to raise the red flag, stop... the export of oil and gas and declare force majeure

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Last updated : 26 June 2023 clock 02:29 PM

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Rival Libya administration threatens to block oil exports ...Kuwait

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