Straife advises oil trader BGN International
The Emirati company is being supported on its Libyan operations by the US consultancy's boss Joseph Fleming, who formerly worked as a lobbyist for eastern strongman Khalifa Haftar.
Saddam Haftar, the son and adviser of Khalifa Haftar, is seeking to take control of banking institutions in eastern Libya. With these sources of funding, he will be able to consolidate his power base and pay the bills of the Libyan National Army.
At the request of Libya's National Oil Corp subsidiary AGOCO, the Russian Zarubezhneft group sent a delegation to Benghazi in August. The EU and the US are both concerned this move may spell the possibility of sanctioned Russian oil being transshipped.
Mustafa Sanalla, the kingpin of the oil sector since 2014 who has already survived a previous attempt to dismiss him, has plenty of cards up his sleeve to make Prime Minister Abdelhamid Dabaiba back down once again on his decision to fire him.
With billions of dollars of oil revenues in its coffers, the politically powerful Central Bank of Libya has been presided over for a decade by the unbudgeable Al Seddik Omar Al Kabir. It recently began the process of reuniting with its breakaway branch in eastern Libya and found itself straight away in the middle of the tug-of-war between Abdelhamid Dabaiba and Fathi Bachagha for the premiership.