Libya’s Exports Still Stymied
A recent agreement in Vienna between Eastern Libya’s elected House of Representatives and the National Oil Company, which is working with the U.N. backed National Accord government ended a blockade of the Marsa Hariga oil terminal, which had further reduced Libya’s exports and production to less than 300,000 b/d. This development is a positive step towards collaboration and perhaps the eventual success of a national unity government. However, the divisions in the country and the growing presence of ISIS do not bode well for signiﬁcant improvement in exports and ﬁeld production. Oil production is likely to remain stuck in the 350-400,000 b/d for the time being.