Libyan state-owned enterprises
E774655
Libyan state-owned enterprises were major government-owned companies that dominated key sectors of Libya’s economy and were heavily influenced and exploited by the Gaddafi family during Muammar Gaddafi’s rule.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
public sector entity
ⓘ
state-owned enterprise system ⓘ |
| affectedBy | international sanctions on Libya ⓘ |
| associatedWith | Jamahiriya political system NERFINISHED ⓘ |
| basedOn | socialist-inspired economic policies ⓘ |
| changedAfter | 2011 Libyan uprising NERFINISHED ⓘ |
| controlledBy | Libyan government NERFINISHED ⓘ |
| country | Libya ⓘ |
| criticizedFor |
inefficiency
ⓘ
lack of competitiveness ⓘ overstaffing ⓘ |
| dominatedSector |
banking sector
ⓘ
construction sector ⓘ gas sector ⓘ heavy industry ⓘ oil sector ⓘ telecommunications sector ⓘ transport sector ⓘ utilities ⓘ |
| economicModel | state-led economy ⓘ |
| economicRole | dominant in national economy ⓘ |
| exploitedBy | Gaddafi family NERFINISHED ⓘ |
| financedBy | oil revenues ⓘ |
| governanceCharacteristic |
limited accountability
ⓘ
limited transparency ⓘ weak corporate governance ⓘ |
| influencedBy |
Gaddafi family
NERFINISHED
ⓘ
Muammar Gaddafi NERFINISHED ⓘ |
| legalBasis | Libyan public sector laws ⓘ |
| linkedTo |
Libyan Investment Authority
NERFINISHED
ⓘ
National Oil Corporation NERFINISHED ⓘ state-owned banks ⓘ |
| locatedIn | Libya NERFINISHED ⓘ |
| operatedInPeriod | Gaddafi era NERFINISHED ⓘ |
| ownership | 100% government-owned or majority government-owned ⓘ |
| policyObjective |
control of strategic sectors
ⓘ
employment generation ⓘ redistribution of oil wealth ⓘ |
| reformDiscussion |
corporate governance reform
ⓘ
privatization debates ⓘ |
| significantDuring | Muammar Gaddafi regime NERFINISHED ⓘ |
| subjectTo |
corruption
ⓘ
nepotism ⓘ political interference ⓘ |
| usedFor |
consolidation of regime power
ⓘ
political patronage ⓘ rent distribution ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.