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Asharq Al-Awsat
Asharq Al-Awsat
Cairo - Jamal Jawhar

US Supports Holding Libyan Elections, Preserving Oil Resources

US Special Envoy and Ambassador to Libya Richard Norland with MP Abdul-Salam Nassiya in Tunis (US Embassy)

US Special Envoy and Ambassador to Libya Richard Norland has met with MP Abdul-Salam Nassiya in Tunis to discuss the important efforts underway to support Libyans’ demand to hold elections.

The US will continue to support this effort and work with all sides in Libya with the goal of completing Libya’s transition to a democratic, stable, and prosperous country, Norland said.

A statement issued by Speaker of Parliament Aguila Saleh on Saturday ordered the freezing of oil revenues in the Foreign Bank of Libya until establishing safeguards and a mechanism to ensure that all Libyans benefit from this income, "in a manner that achieves justice and equality for all.”

Washington has reiterated support for the temporary freezing of oil revenues in the National Oil Corporation (NOC) account at the Libyan Foreign Bank until reaching an agreement on a revenue management mechanism.

A statement issued by the US Embassy in Libya said Saturday that an agreement on a mechanism for transparent management of oil revenues is imperative for restoring Libya's oil production.

"The Mechanism should incorporate agreement on priority expenditures, transparency measures, and steps to ensure oversight and accountability," the embassy said.

It affirmed Washington's willingness to provide technical assistance at the request of the Libyan parties to assist in setting up such a mechanism, emphasizing that progress on such important issues will contribute to creating a more stable political environment that will help restore momentum toward parliamentary and presidential elections.

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