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Breaking News:

IEA: OPEC Can’t Save The Oil Market

Global Intelligence Report – 20th March 2019

rig

Sources

- Senior Eni executive in Libya
- High-ranking European diplomat in Libya
- Libyan energy consultant to supermajors
- High-level energy industry source in Kazakhstan
- Member of the circle of elite close to the Kazakh president

Haftar Officially Controls Libya’s Oil, and Oil Majors Are All Ins

Recent developments over the past few weeks have confirmed that General Khalifa Haftar, as the Head of LNA, has taken control of the majority of Libya’s oil fields. We have recently said that Haftar has emerged as the main political figure in Libya, and we now we have additional confirmation that the Italian government is increasingly supporting him in his endeavour to take control of the country’s oil wealth. This confirmation comes from a senior executive with Eni in Libya.

Likewise, a high-level European diplomatic source has confirmed that Italy is supporting Haftar’s positioning within the Libyan political context, indicating that Haftar “is seen as the obvious solution for some of the Western countries that have invested heavily in Libya’s oil sector”.

LNA’s priority is to take full control of the oil industry because Haftar understands that control of the energy sector will ‘provide him with political supremacy’. It is increasingly recognized within political circles that Haftar is able to engage with the militia as well as the local tribes—a combination…




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