Libya’s oil may be flowing again, but its export revenues are now stuck in limbo pending political agreement on distribution.
The September ‘deal’ reached between one member of the Tripoli government and its rival administration in the east, finally allowed for the resumption of oil production and exports after an eight-month oil blockade by eastern-based General Khalifa Haftar (MEES, 25 September). Within the space of two months, Libya quite astonishingly managed to boost output from about 100,000 b/d to 1.25mn b/d (MEES, 20 November). Data intelligence firm Kpler estimates Libya will export over 1mn b/d this month for the first time in exactly a year. (CONTINUED - 974 WORDS)