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ICG Libya report explains reasons behind LNA’s decision to hand back Oil Crescent to NOC

The Address | Benghazi – Libya

BRUSSELS – The International Crisis Group (ICG) issued a report on Libya that tackled the recent showdown in Libya’s Oil Crescent from several dimensions. The report discussed the decision taken by the Libyan National Army to open the Oil Crescent and hand it back to the Tripoli-based National Oil Corporation, after a three-week closure due to corruption allegations.

The ICG report says that the LNA decision to hand back the control of the Oil Crescent to the Tripoli-based NOC was a result of “several simultaneous factors, encouraged by discreet UN mediation efforts.”

The first factor, according to the report, was a public request by “Serraj to the UN Security Council to appoint a committee that would oversee an international “review” of the Tripoli Central Bank and its rival in al-Beyda under the oversight of the UN and international financial institutions. LNA had previously requested the formation of an investigative committee to look into the Central Bank’s disbursements of funds.”

“The second factor was a public speech by Sanallah, the NOC chairman, in which he attempted to make amends with the LNA by praising it for its role in allowing oil production to increase between 2016 and 2018.” The report adds.

The International Crisis Group is a transnational non-profit, non-governmental organization founded in 1995 that carries out field research on violent conflict and advances policies to prevent, mitigate or resolve conflict. It advocates policies directly with governments, multilateral organizations and other political actors as well as the media.

 

Map of Libya’s Oil Crescent: ICG 2018
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