Libyan Ceasefire Bolsters Chances Of Reopening Oil Ports

Libyan Ceasefire Bolsters Chances Of Reopening Oil Ports

OilPrice.com

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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…

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