Libya: One of Libya’s Rival Governments Moves to Control Oil Revenue
Apr 5, 2015
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David D. Kirkpatrick, New York Times
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One of the two factions battling for control of Libya took steps on Sunday to divert incoming oil revenue away from the central bank and into its own new account, a steep escalation in the contest over the country’s vast wealth.
Libya’s oil and money are the prizes that have driven much of the competition among militias and factions in the nearly four years since the overthrow of Col. Muammar el-Qaddafi, and as the fighting on the ground has slashed oil revenues, the legal and political battle for control of Libya’s assets has become overt and intense.