The shipments by the little-known Arkenu Oil Company, which was set up in 2023, are the first by a private Libyan company and mean some of the country‘s oil revenue is likely being channelled away from the Central Bank of Libya.
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Reuters was unable to determine who owns Arkenu. However, a U.N. panel of experts said in a Dec. 13 report, opens new tab to the Security Council that Arkenu was indirectly controlled by Saddam Haftar, one of Khalifa Haftar‘s sons.
Archiv: Central Bank of Libya (CBL)
PC seeks German cooperation for implementing development projects
The PC‘s deputy head indicated the importance of the Forum as it comes in conjunction with the implementation of the economic reforms program, which promotes the resumption of work in the development programs and the stalled projects carried out by German companies.