…By Roland Peterson for TDPel Media.
Libya possesses the largest oil reserves in Africa, but the ongoing divide between the eastern government and the United Nations-recognized administration in Tripoli has hindered efforts to significantly increase oil output to meet the rising European demand for non-Russian oil and gas.
Speaking from Rajma near Benghazi, Haftar declared that the committee must complete its mission by the end of August, failing which the armed forces would be prepared to act.
Groups aligned with the eastern camp have disrupted operations at six oil fields and export terminals, demanding a more equitable distribution of hydrocarbon revenues.
The outcome of the committee’s establishment and its success in ensuring fair management of public funds and oil revenues will play a crucial role in determining the country’s economic stability and prospects for growth.