Libya's rival governments move to financial war with frontline stuck

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Libya's rival governments move to financial war with frontline stuck
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With the frontlines around Libya's contested capital Tripoli stalemated, th...

TRIPOLI - With the frontlines around Libya’s contested capital Tripoli stalemated, the two rival factions are bringing oil and money supplies into the firing line of their battle for power.

The moves mark a new turn in a war which started in early April when Haftar, who is allied to a parallel administration in eastern Libya, mounted a campaign to capture Tripoli. The first was the chairman of NOC subsidiary AGOCO, which produces a third of Libya’s output. Then Haftar met NOC board member Jadallah al-Awakli.Asked by Reuters about his meeting, Awakli said oil operations were benefiting from security provided by the LNA.Another NOC unit in east Libya, Sirte Oil firm, also expressed support for the Tripoli offensive on its website.

“NOC is concerned by renewed attempts to divide the corporation,” a spokesman for NOC Tripoli said. “It is particularly alarmed by evidence of staff coercion and is attempting to clarify the circumstances behind recent statements in support of the armed assault on Tripoli.”Analysts said Haftar is under financial pressure because Tripoli has limited his access to hard currency.

Washington stopped previous such attempts, even dispatching Navy SEALs to storm a tanker which had set off from a port run by a rogue commander in 2014.

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