The first six months of 2022 saw Libya collect 37.3 billion dinars from oil sales. That amount reflects a 100 million dinars less in oil sales compared to the first five months of last year. The stalemate has most recently prompted the United Nations and US officials to suggest that Libya’s oil revenues be managed by third-party caretakers to ensure equitable distribution and end the impasse. Such a move would essentially mean appointing a foreign trustee to oversee Libya’s oil wealth. US Ambassador to Libya Richard Norland has likewise suggested a trusteeship for Libya’s oil revenues.

Source: Libya Today July 07, 2022 16:00 UTC