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Captured ports handed over to Libya oil company

Libya's oil sector is managed by the National Oil Company which is split into two rival branches, one allied to the GNA and the other to the authority in the eastForces opposed to Libya’s unity government handed management of four vital oil ports to the National Oil Company on Wednesday after seizing them in a blow to fragile peace efforts. Prime minister-designate Fayez al-Sarraj called for urgent talks after the ports were captured by forces loyal to Field Marshal Khalifa Haftar, who supports a rival administration in the country’s east. The offensive in the so-called oil crescent was a major setback for Sarraj’s UN-backed Government of National Accord, which is almost entirely dependent on oil revenues for its income.

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