Eastern-based Libyan forces commanded by Khalifa Haftar launched an offensive la...
LONDON/CAIRO - Eastern-based Libyan forces commanded by Khalifa Haftar launched an offensive last week to take control of Tripoli, the capital, plunging the OPEC country into a new round of armed conflict.
As a major supplier of oil and gas to Europe and starting point for migrant flows into Italy, much is at stake if the country slips into further turmoil.Libya began fracturing in 2011 when local groups took up arms against leader Muammar Gaddafi amid the Arab Spring uprisings but also turned against each other., keeping control over its various tribes and clans.
As the backbone of its economy, control over oil has been at the core of the unrest that followed Gaddafi’s overthrow in 2011, a slow-burn conflict that sees occasional eruptions of intensive fighting. Islamic State lost its Libyan stronghold of Sirte to local forces backed by U.S. air strikes at the end of 2016, but some of the facilities the militant group attacked remain unrepaired.The simple answer is the National Oil Corporation , headquartered in Tripoli. It is the sole entity controlling oil and gas field operations and the only marketer of Libyan oil abroad.
The central bank distributes funds including public salaries across the country, but factions in the east say they have received less than their fair share, accusing the Tripoli central bank of favoritism and corruption - charges it denies.
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