Libya’s new Government of National Unity (GNU) has been boosted with a $5.8bn cash injection from National Oil Corporation (NOC) which appears to have lifted its freeze on transferring oil revenues.
As part of the tacit deal which helped end last year’s devastating oil blockades (MEES, 25 September 2020),), NOC was withholding oil and gas revenues until a new unity government was formed and a “fair” revenue distribution mechanism reached (MEES, 25 September 2020). (CONTINUED - 768 WORDS)
