Government And Federalists May Reach Deal To End Ports Blockade


News: The Libyan government and federalists choking off the country's 600,000 barrels per day of crude exports are likely to reach a deal within two weeks that would lift an armed blockade of Libyan oil ports. The statement was made by Abb-Rabbo al-Barassi, prime minister of the self-declared government of the eastern region. The move will open exports, which have more than halved since summer 2013, from the seized Ras Lanuf, Es-Sider and Zueitina ports. The federalists are demanding the investigation of oil corruption, oil sale under supervision of the three Libyan regions from the pre-Gaddafi-era and distribution of oil sales among the three regions on the basis of a law from the pre-Gaddafi-era. The government of Prime Minister Ali Zeidan could consider the first two demands; however, meeting the third demand would be difficult (Reuters).

This article is tagged to:
Related sectors of this article: Shipping, Ports
Geography: Libya