A blockade on Libya’s oil facilities has been partially lifted, allowing a gradual reopening of some ports and fields, but obstacles and uncertainties complicate a full recovery, according to a report by Reuters.
Factions that moved to eastern Libya in 2014 as part of a broader conflict have repeatedly tried and failed to sell oil independently.
The blockade was seen as a key bargaining chip for Haftar and his foreign backers, which include the United Arab Emirates, Egypt and Russia.
For now, money is being held in the NOC’s account at the Libyan Foreign Bank, pending political negotiations over a unity government and key institutions such as the central bank, diplomats and analysts say.
The NOC had ambitious plans to raise that to more than 2 million bpd, but years of conflict and blockades have cut off investment and left infrastructure degraded.