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Libya’s oil politics: An emerging Turkey-UAE nexus?
Analysis: A leadership reshuffle in Libya’s state oil firm will see Dbeibah’s government of national unity gain greater control over revenues, with Ankara and Abu Dhabi’s interests converging in the country’s power struggle.
The reshuffle of the National Oil Corporation’s (NOC) leadership on 12 July was arguably the most significant recent development in Libya in terms of its implications for the current state of power dynamics among various actors.
The NOC is one of the few powerful institutions which has enjoyed a considerable level of autonomy from the relevant political authorities, especially in a post-revolutionary period that has been dominated by a power vacuum and extreme institutional fragmentation .
This has led to the NOC being incorrectly viewed as one of Libya’s sovereign institutions, which would entail the endorsement of both the Tobruk-based House of Representatives (HoR) and the Tripoli-based High Council of State (HCS) for any high-level administrative decisions. “The reshuffle of the National Oil Corporation’s leadership in July was arguably the most significant recent development in Libya in terms of its implications for the current state of power dynamics” The state oil firm, however, is legally subject to the jurisdiction of the executive, and these are the legal grounds on […]