Libya’s UN-recognized government said on Wednesday that an urgent meeting of all stakeholders involved had agreed to work toward unfreezing Libya’s oil revenues, an essential part of the OPEC member’s budget income. A meeting earlier this week of representatives of the internationally recognized government, the Central Bank of Libya, and the National Oil Corporation (NOC) decided to “Look into mechanisms to lift the current freeze and restore matters to normal, with emphasis on activating the monitoring mechanisms and adherence to the standards of disclosure and transparency,” the Tripoli government said, as carried by Libya Herald. Libya has restored the level of oil production back to volumes it was pumping before the blockade of its oil ports and oilfields in January this year, but the revenues from oil sales have been the sticking point in returning to normal operations. At the end of last month, NOC said it would not […]