Libya Gov't in Talks to Reopen Ras Lanuf Oil Port

Source: Reuters 7/29/2016, Location: Africa

Libyan government officials were in talks with brigades holding the Ras Lanuf oil port, one of two major oil terminals shut down since December 2014, to reach a deal to reopen exports, officials said.

At least two members of the U.N.-backed Presidential Council were in Ras Lanuf for negotiations with the Petroleum Facilities Guards brigade, which controls Ras Lanuf and Es Sider ports, a government official and local media reported. No details were available on any deal struck to reopen the port.

Opening Ras Lanuf and Es Sider would add a potential 600,000 barrels per day capacity to Libya's crude exports, though experts estimate damage from fighting and the long stoppage must be repaired before exports are at full capacity again.

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