LIBYA'S FIRST PRIVATE OIL FIRM GROWS IN EASTERN COMMANDER'S SHADOWS
NEWS Desk Global
A Libyan company linked to the powerful faction that controls eastern Libya has exported oil worth at least $600 million since May, marking an end to the National Oil Corporation's monopoly on exports, according to shipping records and U.N. experts.
The shipments by the little-known Arkenu Oil Company, which was set up in 2023, are the first by a private Libyan company and mean some of the country's oil revenue is likely being channelled away from the Central Bank of Libya.
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