Video: Haftar and the battle for Libya's Oil Wealth

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News.

Almost eight years after the fall of Libyan leader Muammar Gaddafi, the country is deeply divided between east and west. A war economy has enriched armed groups and a battle to control the country's oil fields is ongoing.

Libya's $80bn in oil revenues and foreign reserves are managed by the government in Tripoli.

But General Khalifa Haftar, who has seized oil fields in the south and in the east of the country, has set up a parallel government in the east and his forces are advancing on Tripoli - igniting fears of renewed war. And as the country's debt keeps piling up, there seems to be very little inclination for all sides to come together.

But who is funding Haftar? Who controls Libya's oil? What's the state of the economy in the divided nation? And what is at the heart of the ongoing conflict?

One Response to Video: Haftar and the battle for Libya's Oil Wealth

  1. Kahn Majid 9th April 2019 at 2:59 pm #

    Good as General Haftar is supported by Russia and they will be much better than the back-stabbing Americans and Indians. The Libyans are now suffering from all sorts of Corruption. These government run oil organisations like NOC are the hotbeds of corruption. They hire Indians and Filipinos and abuse them and make them work like slaves while stealing their salaries. There is underground & in some places open practice of slave trading. The slaves are based on black Africans who are not treated as humans. The country is being run by several militias which can be best described as mafias. The mafia militias are making money from this situation & they control their respective turfs by going to war with each other occasionally. The oil companies are also acting like mafias as the employees steal from wherever. Power outages are common & things are becoming more expensive. These Libyans hate the westerners especially the Americans & silently vow revenge on them for looting their resources & keeping them backward.

    The Russian & IS supported militia members are being identified through intelligence & are being shot & killed one by one by the American backed militias. Many other intelligence organisations – like RAW from India - have sent agents who are working in Libya & gathering intelligence. These militia members together with NOC Oil Companies are looting the country while many Libyans are going begging on the road. Old women can be seen begging on the streets of Tripoli. While the Libyan oil executives are looting money with all sorts of corruption & taking trips to Europe on regular basis. Corruption in NOC owned oil companies is so rampant & institutionalized that huge fraction of oil earnings are going in their pockets. Many employment scams are being run where expats are being hired & part of their wages are stolen by these oil executives. Indian & Filipino nurses are being used as Prostitutes to gather favors from Libyan oil executives. Libyan moral values are going down the drain. What kind of liberation & revolution is this? It is difficult to decide if Libyans are victims or being punished by God Almighty. May God Almighty have mercy on their souls.

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