Libya: Could ‘Peace Deal’ Double Oil Output To 800,000 B/D?

A recent southern Libya peace deal has given hope for the re-opening of two major oilfields, including the country’s largest. But a history of short-lived local ceasefires offers little grounds for confidence of a sustainable resumption in production.

On 23 November, officials in Doha announced that Qatar had brokered a deal between Tebu and Tuareg fighters in the southwest of Libya to end a long-running conflict in the town of Ubari, about 100km northwest of Murzuq. The deal, which was signed in Qatar, calls for an immediate ceasefire and the withdrawal of forces from the town, allowing for the return of thousands of displaced people to their homes in the region. (CONTINUED - 1632 WORDS)