Libya’s Oil as Leverage

A French proposal to ban Libyan oil exports for a month in order to pressure rival factions and push them toward a political settlement has drawn objections from officials and experts. They warned that the cost would be borne by ordinary citizens, while the ban could fuel oil smuggling and deepen the state’s losses. Libya relies on oil to cover around 82% of public spending, and produces roughly 1.4 million barrels a day. Critics argued that disrupting this source of revenue would not address the underlying causes of division, corruption and weak oversight. Instead, they called for combating corruption, reforming the oil sector and keeping it out of political disputes, while strengthening the independence of decision-making and entrusting responsibilities to qualified people.

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