Libya’s state-run National Oil Corporation is poised to release oil revenues to the central bank after the interim Government of Unity (GNU) was sworn in on March 15, creating a new oil ministry. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Last year, NOC started using the Libyan Foreign Bank in Tripoli to hold oil revenues instead of paying funds directly to the government amid political uncertainty. “This is in line with the temporary arrangements in force that ended with the formation of the government of national unity,” NOC said in a statement over the weekend. The GNU has also appointed a new Ministry of Oil and Gas, which will be led by Libya’s former OPEC governor […]