Joint statement by France, Italy, UK, and US welcomes return of oil terminals under legitimate NOC.

Catogory : Market Report

The Governments of France, Italy, the United Kingdom, and the United States, recalling their statement of 27 June 2018, welcome the announcement that Libya’s National Oil Corporation is resuming its vital work on behalf of all Libyans. We commend the legitimate National Oil Corporation as it repairs infrastructure, honors its contractual obligations, and, having lifted the state of emergency provisions in eastern Libya, and restores oil exports and production critical to Libya’s prosperity. We also appreciate the LNA’s contributions to restore stability in Libya’s oil sector, which is critical to Libya’s national interest.

Now is the time for all Libyan players to move forward with a Libyan-owned discussion about how to improve fiscal transparency, strengthen economic institutions, and ensure just distribution of the country’s resources, In this regard, we welcome the proposal of the President of the Presidency Council to move forward with enhanced transparency of Libyan economic institutions. More broadly, we call on Libya’s leaders to seize this important opportunity, within the framework of the Libyan Political Agreement.

We also stand in solidarity with Libya’s leaders as they work toward an inclusive Libyan owned political process that will lead to credible, peaceful and well-prepared national elections as soon as possible.

The Governments of France, Italy, the United Kingdom, and the United States pledge to support Libyan leaders in pursuing these measures and will use all tools are our disposal to hold accountable those who undermine Libya’s peace, security, and stability.