Libya, oil and Haftar

Haftar’s forces took back control of Ras Lanuf and Es Sider.

Why Libya Oil Revival Hinges on Fate of Two Ports

Libya’s ability to reclaim its role as a reliable supplier of crude depends on the fate of a pair of oil ports on the war-ravaged country’s coast. Es Sider and Ras Lanuf have changed hands twice this month as rival military groups have battled over them. The two ports hold almost half of Libya’s capacity to export oil from onshore terminals, and the country’s ability to sell abroad affects prices globally.

1. Why are the ports so important?
Libya’s oil ports have been a focus of competing political forces since central authority collapsed after the 2011 ouster and killing of strongman Muammar Qaddafi. Es Sider and Ras Lanuf are especially valuable because they are the main outlets for crude pumped at fields in Libya’s interior.

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Source: bloomberg.com

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