An important point lost in the noise: there is not, in fact, a deal between GNA/NOC and LNA to restart oil and share revenues. There's a deal between Maiteeq and LNA that's opposed by Central Bank, NOC etc
The issue is confusing but gist is: Maiteeq made a deal with LNA whose terms on revenue collection and distribution were certain to be opposed in the West. LNA lifted the blockade.
What happens now, and until revenues start flowing in, is an effort by international mediators and Libyans to *strike an agreement*--which hasn't happened yet--on how revenues will be collected and distributed.
And another note: Haftar had announced the fields would be open only for *one month*. So sans an agreement on revenue distribution, which will be difficult to reach, a renewed shutdown is a real risk.
This last point is important. A mechanism in place to distribute revenues (as opposed to NOC plan for 4 months to freeze till it's figured out) is *sine qua non* for Haftar, Egypt, and UAE to keep blockade lifted.
And the clock is ticking until revenues start pouring in in a few weeks.
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