Libyan Oil Resumption Seen Closer as Rebels Say Deal Reached
This article is for subscribers only.
The prospects for a recovery in Libyan oil exports moved closer after rebels blocking shipments from the country’s east said they agreed in principle with the government to allow a resumption.
The rebels’ Executive Office for Barqa, representing the eastern region of Cyrenaica, reached an accord that four terminals halted since July can reopen, Ali Al-Hasy, a spokesman for the group, said April 2. Barqa politicians indicated the ports could operate within 24 to 48 hours, Sliman Qajam, a member of the energy committee in Libya’s government, said by phone yesterday from Tripoli, the capital.