ASSESSMENTS

Will a Merger Boost Libya's Oil Flow?

MIN READJul 12, 2016 | 09:02 GMT

In Libya, oil production and exports are poised to rise in the short term. In the long term, however, the country's divisions will continue to impede its oil industry.

(ABDULLAH DOMA/AFP/Getty Images)

Things are looking up for Libya's oil sector. The embattled country's rival Tripoli- and Tobruk-based National Oil Companies agreed to a merger on July 3. Four days later, Ibrahim Jadhran, leader of the Petroleum Facilities Guards, announced that oil exports from the As Sidra and Ras Lanuf ports under his control would resume within a week. For the first time in 18 months, Libya's oil production and exports could rise. Yet despite these promising developments, the country's oil industry still faces serious challenges....

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