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FINANCIAL NEWS
Libya to re-open two major oil ports
12 Jul 2016
(MENAFN) Libya’s government is in talks with an armed brigade controlling two main oil ports in order to reopen the terminals and lift a force majeure to restart exports.
However, the country’s oil industry has been injured by conflict amid rival armed factions who control quasi-fiefdoms in a challenge to successive governments.
On the other hand, the two ports have been closed since 2014 after fighting between armed factions to control them.
“We are holding discussions with the Petroleum Facilities Guards (PFG) of the central region,” said a member of the gov’t presidential council.
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