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Libya’s Economic Crisis [Recurso electrónico] PDF : aringing the Oil Sector Back on Track

By: Material type: ArticleDescription: Recurso onlineSubject(s): Online resources: In: Terrorism Monitor Terrorism Monitor . -- Vol. XIV Issue 11 (May 2016) p. 7-10Summary: Getting Libya’s economy back on track is fundamental to the country’s future. With the Government of National Accord (GNA) finally working from inside Libya and Fajez Sarraj in place as the new prime minister, many foreign powers hope the situation is finally improving (alJazeera, May 17). Libya’s economic wellbeing, however, is tied to its oil sector. Once highly centralized under Muammar Gaddafi, control of the oil sector has become fragmented, informal, and localized. Local groups seek to control oil assets with a view to securing revenues and acquiring political clout, while Islamic State (IS) fighters aim to foster chaos by dismantling the country’s oil infrastructure.
Item type: Analíticas
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Centro de Análisis y Prospectiva de la Guardia Civil Biblioteca Digital Available 2016652
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Getting Libya’s economy back on track is fundamental to the country’s future. With the Government of National Accord (GNA) finally working from inside Libya and Fajez Sarraj in place as the new prime minister, many foreign powers hope the situation is finally improving (alJazeera, May 17). Libya’s economic wellbeing, however, is tied to its oil sector. Once highly centralized under Muammar Gaddafi, control of the oil sector has become fragmented, informal, and localized. Local groups seek to control oil assets with a view to securing revenues and acquiring political clout, while Islamic State (IS) fighters aim to foster chaos by dismantling the country’s oil infrastructure.

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