Libya reopens strike-hit oil port

Oil revenues slide further.

Libya reopens strike-hit oil port as U.N. convenes talks

Libya reopened its oil port of Hariga on Tuesday, ending a strike by guards that had threatened to further slash exports as rival factions fight for control of the OPEC country.

The threat to shut down Hariga underlined the fragility of oil shipments as two competing governments and their armed allies are locked in a scramble for territory and petroleum wealth.

Hariga reopened shortly before the United Nations was expected to hold talks to prevent a wider conflict that Western governments fear will turn Libya into a failed state just across the Mediterranean from Europe.

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Source: af.reuters.com