Libya to Resume Oil Exports from Marsa al-Hariga

By John Lee.

Libya's rival National Oil Corporations (NOC) have reportedly reached an agreement to allow oil shipments to resume from the port of Marsa Al Hariga.

Nagi Elmagrabi, head of the Eastern-based NOC, told Bloomberg on Monday that exports would restart within three days.

The agreement followed talks in Vienna with Mustafa Sanalla, chairman of the Tripoli-based NOC.

We agreed to keep the National Oil [Corporation] neutral, away from political conflicts,” Elmagrabi said.

The deal could help Libya quickly increase its oil production back towards the more than 300,000 barrels per day (bpd) it was before the blockade more than halved output from two major eastern oil fields, according to Reuters.

(Sources: Reuters, Bloomberg)

2 Responses to Libya to Resume Oil Exports from Marsa al-Hariga

  1. Dr Satya P.Bindra 17th May 2016 at 7:39 pm #

    UNCSD Focal Point hails the news & compliment for the good sense has that prevailed to reach an agreement to keep the National Oil [Corporation] neutral, away from political conflicts

  2. anuar 18th May 2016 at 9:08 am #

    anyone knows what is the agreement ?

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