{"id":33325,"date":"2021-04-10T09:51:59","date_gmt":"2021-04-10T09:51:59","guid":{"rendered":"https:\/\/tabadul.demo.ly\/en\/libyas-noc-transfers-5-8-bn-of-frozen-funds-to-the-new-government\/"},"modified":"2021-04-10T09:51:59","modified_gmt":"2021-04-10T09:51:59","slug":"libyas-noc-transfers-5-8-bn-of-frozen-funds-to-the-new-government","status":"publish","type":"post","link":"https:\/\/tabadul.tv\/en\/libyas-noc-transfers-5-8-bn-of-frozen-funds-to-the-new-government\/","title":{"rendered":"Libya\u2019s NOC transfers $5.8 bn of frozen funds to the new government"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Libya\u2019s NOC says it has transferred $5.8bn of previously frozen funds to the new government, but political wrangling is still holding up the 2021 budget.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>According to the Weekly&nbsp;Middle East Oil&nbsp;and Gas&nbsp;News and&nbsp;Analysis, Libya\u2019s new Government of National Unity (GNU) has been boosted with a $5.8bn cash injection from National Oil Corporation (NOC) which appears to have lifted its freeze on transferring oil revenues.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>As part of the tacit deal which helped end last year\u2019s devastating oil blockades, NOC was withholding oil and gas revenues until a new unity government was formed and a \u201cfair\u201d revenue distribution mechanism reached&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The deal led to the partial restart of Libya\u2019s oil sector outlined -among other economic reforms- the creation of a committee \u201cto oversee oil revenues and ensure their fair distribution over the next three months.\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Libya\u2019s NOC says it has transferred $5.8bn of previously frozen funds to the new government, but political wrangling is still holding up the 2021 budget. According to the Weekly&nbsp;Middle East Oil&nbsp;and Gas&nbsp;News and&nbsp;Analysis, Libya\u2019s new Government of National Unity (GNU) has been boosted with a $5.8bn cash injection from National Oil Corporation (NOC) which appears [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9271],"tags":[11199],"class_list":["post-33325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-2021-budgetfrozen-fundslibyalibya-newsnational-oil-corporation"],"_links":{"self":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/33325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/comments?post=33325"}],"version-history":[{"count":0,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/33325\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media\/37029"}],"wp:attachment":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media?parent=33325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/categories?post=33325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/tags?post=33325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}