The oil returns to Tripoli. But the knot on the product remains



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In the last few hours, the situation in the Libyan Petroleum Crescent has been unblocked. The National Oil Corporation (NOC) of Tripoli revoked the case of force majeure in the ports of Ras Lanuf, Sidra, Harraga and Zuetina after they were returned to management by the Libyan National Army. A turning point comes after days of tension and worry due to June 25, when Haftar decided to entrust the terminals to the parallel Noc that refers to the unrecognized government of Al Baida.

The damage caused by the block would rise to $ 1 billion, not to mention the destruction of the crude deposits of Ras Lanuf, a city particularly affected by the June riots. All this while the knot on the distribution of oil revenues is still open. In any case, the resumption of production activities should return to normal levels in the next few hours, and the positive reactions of the different international actors have been different. Among these, the Italian Ambbadador to Libya Giuseppe Perrone who spoke on Twitter on "excellent results proving that Libyans can work together for a greater good , putting the interest of the nation first ". The chairman and members of the Tripoli NOC Board of Directors also "praised the Libyan National Army General Command for placing the national interests first."

The Unresolved and Non-Regressive Question All the perplexities and concerns that have been held over the last few weeks relate to the distribution of profits due to crude oil. The president of the Libyan oil company, Mustafa Sbadlah stressed the need to launch as soon as possible a national debate on the equitable distribution of oil revenues. "The real solution is transparency: I renew my request to the responsible authorities, the Ministry of Finance and the Central Bank to publish in detail the financial statements and public expenditure".

And precisely in this context corresponds the request made to the United Nations Security Council of the Prime Minister Fayez al Serraj to establish an international commission of inquiry with financial experts to verify the accounts and the operations conducted by the Libyan Central Bank of Tripoli and Baida, in order to deepen

When we talk about transparency about the greatest source of wealth of the Libyan state, we must really dig deep. In fact, the energy sector accounts for about 80% of exports and more than 60% of Libyan GDP. Percentages that weigh like a rock also on the access to political power and have therefore strongly influenced the actions of General Haftar, who continues to keep the Crescent terminals with his guards, although he has decided to deliver ports to the recognized government authorities

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