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Libya unable to revive production it needs to boost economy, UN worried

The Address | Benghazi – Libya

WASHINGTON – The warning by the UN envoy to Libya Ghassan Salame hangs over tortuous efforts by the North African nation’s two rival leaders to reach a power-sharing agreement that could mark a breakthrough in ending a ruinous eight-year war that began with the ouster of Moammar Qaddafi.

Libya needs to “reinvest quickly in oil fields because some of the oil fields are being depleted,” Salame said in an interview late Saturday. “With the new technology that is needed you can do marvels, and nothing is being done on this level.” State-run National Oil Corp. doesn’t have access to sufficient funding to do the job, he said.

Salame has been spearheading the reconciliation push between the Tripoli-based government of Fayez al-Sarraj and the Libyan National Army led by Marshal Khalifa Haftar, that controls most of Libya’s oil resources after a military operation in southern Libya this year.

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