U.S. supports freezing of Libya’s oil revenues until agreement on revenue management mechanism is reached by conflicting political stakeholders

The U.S. announced yesterday that it supports the temporary freezing of Libya’s oil revenues until agreement on a revenue management mechanism is reached by conflicting political stakeholders. The U.S. Embassy statement released yesterday said ‘‘Restoring Libyan oil production is important for the Libyan people and for the global economy. Agreement on a mechanism for transparent … Continue reading U.S. supports freezing of Libya’s oil revenues until agreement on revenue management mechanism is reached by conflicting political stakeholders