Foreign powers agreed at a summit in Berlin on Sunday to shore up a shaky ceasefire in Libya, but the meeting was overshadowed by blockades of oilfields by forces loyal Continue Reading
World leaders at a Libya conference in Berlin did not discuss possible sanctions for violations of an international arms embargo, Chancellor Angela Merkel said on Sunday. Speaking at a news Continue Reading
World leaders agreed on a final communique at the Libya conference in Berlin, one summit participant told Reuters on Sunday, without giving details. German Chancellor Angela Merkel and United Nations Continue Reading
Libya’s oil sector could go into a tailspin with two-thirds of its total crude oil production of around 1.20 million b/d at risk after its key oil ports were suspended Continue Reading
International backers of the two main sides of the conflict in Libya agreed to support a cease-fire and uphold an embargo on the arms and financing that are fueling the Continue Reading
OPEC member Libya was producing between 1.15 million and 1.20 million b/d last week before the blockade began. Libyan crude production averaged 1.06 million b/d in 2019, according to S&P Continue Reading
Turkish President Tayyip Erdogan has called on Europe to support its work in Libya, where it is providing military support to the internationally-recognized government if it wants to end the Continue Reading
Oil exports from eastern and central Libyan oil ports will be shut from Saturday resulting in the loss of 700,000 barrels a day, a source at state oil firm NOC Continue Reading
The closing of Libya’s oil ports is “a huge step” by the Libyan people, the spokesman of Libyan forces loyal to eastern-based commander Khalifa Haftar said on Friday. Spokesman Ahmed Continue Reading
While the truce could put the Libyan National Army’s push to seize the capital on hold, it raises the risk that oil exports will be used as a negotiating tool…. Continue Reading
