Libya: Oil

Foreign and Commonwealth Office written question – answered at on 7 February 2017.

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Photo of Andrew Rosindell Andrew Rosindell NATO Parliamentary Assembly UK Delegation, Co Chair, British-Irish Parliamentary Assembly

To ask the Secretary of State for Foreign and Commonwealth Affairs, what information his Department holds on whether receipts and revenue flows accruing from Libya's renewed oil production have been deposited or held in UK banking and financial institutions; and if he will make a statement.

Photo of Tobias Ellwood Tobias Ellwood The Parliamentary Under-Secretary of State for Foreign and Commonwealth Affairs

We do not hold detailed information on receipts and revenue flows from Libya's renewed oil production. What is important is that the resumption of Libya's oil production is sustained to generate the vital revenue needed to enable the Government of National Accord (GNA) to deliver public services and address the needs of the Libyan people: electricity in homes, cash in banks, improving healthcare and infrastructure, for the benefit of all Libyans. Building a safe, secure and prosperous Libya that is able confidently to tackle the challenges in the region is in all our interests.

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