US threatens sanctions in bid to restore oil sharing in Libya
The US government raised the specter of sanctions on unspecified parties involved in Libya’s civil war yesterday after Libya’s oil authority accused the United Arab Emirates (UAE) of obstructing efforts to restore petroleum revenue sharing between the country’s warring sides.
The US government raised the specter of sanctions on unspecified parties involved in Libya’s civil war yesterday after Libya’s oil authority accused the United Arab Emirates (UAE) of obstructing efforts to restore petroleum revenue sharing between the country’s warring sides.
Libya’s National Oil Corporation (NOC) on Sunday alleged the UAE was behind a failure of negotiations to restart the flow of oil from petroleum fields under the influence of forces aligned with rogue Libyan Gen. Khalifa Hifter’s Libyan National Army (LNA), which the UAE supports.
