OPEC/LIBYA

Libya’s Government Plots Route To Oil Riches

Plans by Libya’s elected government to set up a new National Oil Corporation and Central Bank put it further down the path towards civil war and a breakup of the country.

Libya’s elected government is seeking to replicate existing state institutions in order to gain access to the country’s oil revenues, which would give it the upper hand in the struggle against an Islamist movement in control of the capital...