The oil and the hard equation

131

By: Dr. Suliman Alshahomy

Usually the angry decisions and hasty reactions are never bring any benefits, but on the contrast, they deepens problems especially those related to the current economic situations of Libya

The decision of freezing the agreement of uniting the National Oil Corporation (NOC) of Libya by the NOC head related to the Interim Government in Beida city Naji AL-Mogherbi, and the support he marinated from the oil committee in the House of Representatives (HoR),  would might make situations to return as worse as before

Before, NOC of Beida have failed to sell the oil separately from the NOC in Tripoli since there is an international decision conditioning on anyone interested to buy the Libyan oil to deal with the NOC of Tripoli

Of course, this decision will have great negative impact on the general income of the country, since stopping of an important share of the Libyan oil from reaching to the Central Bank of Libya (CBL). This also means the flounder of funding the importing operations for essential food

 Moreover, this act will weaken the ability of the CBL in providing the necessary funding for the country’s general budget

On the same context, I don’t think that there will be some countries will breach the international decision which only recognize the NOC of Tripoli as the legitimate body of oil in Libya, unless Donald Trump decide the contrary

Such fateful decisions can never be taken in an emotional way which might only confuse the scene and prevent any new horizon of solution for the Libyan crisis since oil is the basis of the Libyan economy.