UAE moves restore the flow of oil to highest levels in Libya

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The Italian website “Decode 39” reported today, Wednesday, that the White House tried to persuade Saudi Arabia to increase production, but the results at the present time are limited. Libya is an oil-producing country, and in the midst of market turmoil against the backdrop of the Russian war in Ukraine, the potential million barrels that the country can produce per day has more value.

Dario Christiani, a senior fellow at the German Marshall Fund, said that Libya is a transatlantic responsibility as the United States is looking for some form of burden-sharing.

The credit is due to some of the moves sponsored by the Emirates for the appointment of Ben Gdara, as Libyan oil returned to flow into the market at a rate of 700,000 barrels per day.

The Italian website added that Washington stressed in the declaration the issue of civilians and stabilizing the country to push Libyan development to avoid violent drifts, which may also lead to a general atmosphere of détente between external actors, just like the UAE but also Turkey, Egypt and to a relative extent Russia.

Washington has already put forward a hypothesis to overcome the current institutional stalemate due to the presence of the National Unity government headed by Abdul Hamid Dbeibeh and the government appointed by the House of Representatives headed by Fathi Bashagha.