TUNIS - Libya’s National Oil Corporation hopes oil production will resume after international talks to end a blockade by eastern-based forces in the civil war, which has stopped almost all energy exports for six months, it said on Monday.
A possible deal to allow production to restart would involve a new agreement on distributing oil revenue, as well as guarantees on field security, a person familiar with the matter said. Though an eastern government aligned with Haftar has set up parallel institutions, international agreements say only the NOC in Tripoli can produce and export oil, with revenue channelled through the Central Bank of Libya in the capital.
After the GNA’s gains this month, NOC attempted to reopen Sharara and El Feel oil fields, before armed groups stopped it. Last week it said Russian mercenaries had occupied Sharara. The GNA says the LNA is behind the blockade, which was announced in January by local groups including tribes. The LNA says the tribes imposed the blockade themselves.
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