Two rival Libyan governments claim to control oil policy | Top News | Reuters - 1 views
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Oil traders are concerned about the uncertainty over who is in charge of Libya's vast oil reserves after the Misrata group appointed its own oil minister and took over the official website of state firm National Oil Corp (NOC).
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ncertainty about the oil industry, which had just started to show signs of recovery after Thinni managed to end a blockage of major eastern ports by groups of rebels demanding autonomy.
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the newly appointed oil minister, Mashallah al-Zawi,
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As their sole source of income the control over oil policy and revenue proves to be a huge factor in which government will gain control over the greater Libya. Thinni, the prime minister recognized by the international community, has assured OPEC members that oil revenues are deposited into the Libyan Bank, which then transfers them to the central Bank. While this may be true, OPEC members are worried that the continuation of Islamist militant aims for political autonomy through the occupation and attacks on oil ports. BPD have already become a fifth of what they maintained just one year ago.