Libya Hopes For Oil Output Boost But No End In Sight To Instability

A deal has been signed that could pave the way to the resumption of output from two of Libya’s key oilfields. But, amid a security vacuum with jihadists controling wide swathes of the country, any gains will likely be shortlived.

In late June, Libya’s official news agency LANA reported that a deal has been reached to allow the reopening of a crucial pipeline in the Riyaniya area in Libya’s mountainous northwest region. The 300,000 b/d pipeline links the Sharara and El Feel (Elephant) fields in the Murzuq basin in the southwest to the Zawiya and Mellitah export terminals west of Tripoli. (CONTINUED - 931 WORDS)