Libyan MPs support administrative seizure of oil revenues

Al-Arabiya and Al-Hadath correspondent said that 73 deputies in Libyan parliament In a statement, they denounced the continuation of the national unity government headed by Abdul Hamid al-Dabaiba in its duties and the disposition of public money without an approved budget.

They affirmed support for the demand of the legitimate government, which is mandated by the House of Representatives, to impose an administrative seizure on oil revenues to stop the tampering of the outgoing government, warning all the current executive authorities against violating the legal systems and regulations of the state.

The Libyan government, mandated by parliament, decided to administratively seize oil revenues deposited in the accounts of financial institutions in the capital, Tripoli, in a move that would renew the political conflict over oil, the country’s main source of income.

The head of the Libyan government appointed by parliament, Osama Hammad, told Al-Arabiya/Al-Hadath that the outgoing Libyan government had wasted billions without providing any real services to the citizens.

And he announced resorting to the Libyan judiciary to appoint a judicial guard over the seized funds, and if necessary, the red flag will be raised, to prevent the flow of oil and gas and stop their export, until the declaration of force majeure and recourse to the judiciary.

He said that this procedure will take place until the completion of the legal and financial procedures related to the financial arrangements, for which the House of Representatives formed a committee headed by the Chairman of the National Oil Corporation to restructure and implement budgets, calling on the United Nations Support Mission in Libya to exercise its effective role without bias, and to clarify all that has been wasted from the money of the Libyan people. .

It is noteworthy that the Libyan Parliament had announced the formation of a high-level committee to develop a proposal regarding the distribution of oil and gas revenues in certain proportions between the Central Bank of Tripoli and the Central Bank of Benghazi.

While the issue of the fair distribution of oil revenues and the way they are spent is one of the most important causes of the conflict in Libya and the most prominent motive for the continuation of the country’s crisis, as the political parties dispute among themselves over control of oil money, and have not yet agreed on the mechanisms for its distribution.