Libya’s state-owned, Tripoli-based oil firm NOC has merged with its Bayda and Tobruk-based rival. The move is intended to strengthen a nascent unity government and end confusion over the control of the country’s oil and natural gas resources and revenues. The unification is a success for NOC, which has consistently promoted itself as a technocratic voice of unity in a divided country. It marks a definitive end to the Bayda and Tobruk-based government’s attempts to market crude independently of the UN-recognised administration, and provides NOC with a window of opportunity to focus on the rehabilitation of Libya’s battered oil industry.
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