The UN-backed government of Libya announced a ceasefire on Friday, and the east-based rival administration also called for a truce in a move that could pave the way to reopening of Libya’s oil terminals, if the ceasefire holds. Prime Minister Fayez al-Sarraj of the Libyan UN-backed Government of National Accord (GNA) has “issued instructions to all military forces to immediately cease fire and all combat operations in all Libyan territories,” the GNA said, as carried by France 24 . Currently, oil production in Libya is around 100,000 barrels per day (bpd). This figure is dramatically down from 1.2 million bpd at the start of the year, just before paramilitary formations affiliated with the Libyan National Army (LNA) of eastern Libyan strongman General Khalifa Haftar occupied Libya’s oil export terminals and oilfields. Haftar’s forces, backed by the UAE, Egypt, and Russian mercenaries, have been fighting the GNA-backed forces supported by […]