In growing war, Libya's PM says his government to run own oil sales

[WorldNews]

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Libya's Prime Minister Abdullah al-Thinni said his government would run its own oil sales and deposit revenues abroad in a bid to divert proceeds away from a rival, self-declared administration in Tripoli. The fighting has worsened as militants loyal to Islamic State have become involved and exploited the chaos to carry out a series of high profile attacks. Prime Minister Thinni announced late on Saturday that he had authorized his government's oil corporation to open a separate bank account in the United Arab Emirates for oil revenues, and to seek independent oil sales. Until now oil sales and revenues have gone through Libya's central bank and the National Oil Corporation in Tripoli, which says it wants to stay out of the conflict between the two governments.

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