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.