Did you know we’re celebrating our 20th Anniversary as the 1st American News Agency exclusively covering the Middle East?

  • The Middle East landscape is changing rapidly.
  • The roads in the region open to new possibilities.
  • The Media Line continues to pave the way to a far greater understanding of the region’s land, people, policies and governments through our trusted, fact-based news.

We’re an independent, ad-free, non-profit news agency and rely on friends like you!

Please make your gift today as we have a most generous matching 2:1 grant.
Thank you!

We paved the way to be the Trusted Mid East News you can rely on!

We’re an independent, ad-free, non-profit news agency and rely on friends like you!

For those observing, may we wish you a healthy, safe, and sweet 5781.

UN-backed Government in Libya Starved of $2 Billion in Oil Revenues
Fighters loyal to Libya’s internationally recognized Government of National Accord, led by Fayez al-Sarraj, are shown near the front line during clashes in the Tripoli area against forces loyal to strongman Khalifa Haftar. (Mahmud Turkia/AFP/Getty Images)

UN-backed Government in Libya Starved of $2 Billion in Oil Revenues

Financial losses for the UN-backed Government of National Accord (GNA) in Libya due to fighting over the country’s oil resources have surpassed $2 billion, as forces loyal to strongman Khalifa Haftar’s Libyan National Army (LNA) continue to choke off supplies in a bid to starve the GNA of revenues. According to Arab media, powerful tribes that support the LNA one month ago seized large oil-export terminals and cut off major pipelines, leading to a massive drop in production from about 1.2 million barrels a day to some 120,000. Haftar’s troops control most of eastern and southern Libya, and for almost a year have been waging an assault on the capital Tripoli, the seat of the GNA. While OPEC-member Libya has the largest proven oil reserves in Africa, the drop in output thus far has had little impact on global markets, as consumers such as China have turned to purchasing US shale oil. Nevertheless, the lack of revenue is liable to have an impact on the GNA’s ability to provide basic services to those living under its control in addition to funding armed groups currently defending Tripoli.

Invest in the
Trusted Mideast
News source.
We are on the
front lines.

Personalize Your News
Upgrade your experience by choosing the categories that matter most to you.
Click on the icon to add the category to your Personalize news
Browse Categories and Topics
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.