Oil Price website stated today, Tuesday, that the commander of the armed forces, Khalifa Haftar, ordered the national army to remain on alert until reaching a fair distribution of oil wealth.
The last time he issued such a warning, the oil blockade led to a decrease in production and exports. Oil companies Eni and Total Energy recently confirmed the continued investment in the development of Libyan oil, according to the description of the site.
For its part, the site added that given the economic chaos caused by inflation caused by energy prices for Western governments since the Russian invasion of Crimea, the last thing they want is another shutdown of Libyan oil production, which would push oil prices to rise again.
The site continued by saying that the other major political factions in Libya and the global oil markets should take Haftar’s warning seriously as it goes back to a similar point he made on September 18, 2020 when he agreed to end the national blockade of the main oil facilities at that time. The deal was agreed between Libyan National Army, led by Haftar and others of the Government of National Accord in Tripoli, previously recognized by the United Nations.
It said the lifting of the blockade was only valid for one month unless another agreement was reached explaining exactly how oil revenues would be divided and the end of each blockade says the same thing. However, no progress has been made towards this goal despite promises to do so according to the website.