BENGHAZI, Libya (AP) — Libya will resume oil exports after the U.N.-backed government reached a deal with a powerful militia that controls key terminals in the east.
The National Oil Corporation, which is controlled by the U.N.-backed government in Tripoli, said Wednesday it has assumed control of the oil ports and will resume exports within hours.
The self-styled Libyan National Army, which is allied with a rival government in the east, seized the ports from another militia earlier this year. That prompted the NOC, with international support, to issue a “force majeure” to halt exports.
The LNA said it agreed to return the ports in return for a commitment by the Tripoli-based government to investigate allegations that oil and gas revenues had been used to fund terrorist organizations.
This article provided by NewsEdge.