Discussions on the nationalisation of oil assets in Libya have been delayed, with the General People’s Congress to meet later than planned.
A political analyst in Libya tells MEED that Congress did not meet on 1 February as planned, and that the annual event will now take place later in the month.
“It is still on the agenda,” the analyst says of the discussion to nationalise oil assets (MEED 1:2:09).
Libyan leader Muammar Gaddafi recently reiterated his belief that the Libyan government should be dissolved and oil revenues should be distributed directly to the country’s population.
“I am at a loss as to how this would work,” says the analyst. “The breaking up of the government is not a likelihood. It would take a long time to resolve."