· Oil production in Libya would restart soon, according to Eastern Libya’s strongman General Khalifa Haftar.
· If so, it would herald the end of the eight months blockade of the nation’s oil fields.
· The closure caused a US$ 10 billion in revenue according to the National Petroleum Company (NOC).
Oil production in Libya would restart soon, according to Eastern Libya’s strongman General Khalifa Haftar. If so, it would herald the end of the eight months blockade of the nation’s oil fields. The closure caused a US$ 10 billion in revenue according to the National Petroleum Company (NOC).
Haftar’s Libyan National Army and the UN-recognized Government of National Accord of Tripoli have both agreed last month to cease all combat operations and plan elections in the next 18 months. Importantly, the two parties plan to discuss a demilitarization of the city of Sirta, Libya’s gateway to major oil fields and export
terminals, to finally put an end to Libya’s 10 year long crisis.
Haftar’s forces are backed by Russia, Egypt and the United Arab Emirates. They control the country’s major oil fields and terminals. The Tripoli-based National Oil Corporation, however, remained skeptical. broken down. Libya has the largest oil reserves in Africa. The blockade has caused electricity and fuel shortages in the country.
