Libya Says U.S.-Backed Talks Could Soon End Oil Blockade
- State oil firm NOC says it’s hopeful exports can restart soon
- Announcement by eastern tribes signals oil restart is possible
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Tribes in eastern Libya backed the resumption of oil production from their region, shortly after the state energy company said negotiations between the U.S. and regional governments could lead to a restart of exports from the war-battered OPEC member.
The tribes, which helped shutdown most energy facilities in the east in January, will back rebel commander Khalifa Haftar’s Libyan National Army in negotiations with the United Nations over the distribution of oil revenue, Ibrahim Bouhreba al-Baraassi, a member of one of the groups, told Bloomberg on Monday.