Libya Reopening Oil Ports After Taking Back From Rebels

Lock
This article is for subscribers only.

Libya is ready to reopen two oil ports in the country’s east and will resume exports as fast as possible after taking back control from rebels who blocked crude shipments for the past year.

Es Sider and Ras Lanuf, which have combined capacity of 560,000 barrels a day, will open after an agreement was reached with rebels, Ahmed al-Amin, a government spokesman, saidBloomberg Terminal by phone. The nation’s biggest and third-largest export facilities were handed over in a gesture of support for the newly elected parliament, a spokesman of the rebel group that calls itself the Executive Office for Barqa said yesterday.