Libyan Rebels Agree to Gradually Reopen Oil Ports

Reuters reported this morning that the Libyan government reached an agreement with rebels to end an oil port deadlock that has lasted for eight months. The port seizure, initiated by federalist protesters, has cost the Libyan economy billions of dollars so far.

As quoted in the publication:

Zueitina and Hariga ports, held by federalist rebels demanding more autonomy from Tripoli, will open immediately while the larger ports, Ras Lanuf and Es Sider, will be freed in two to four weeks after more talks, the government said.

Ending the oil port standoff will be a major advance for Libya’s fragile government, which has struggled to impose its authority over an unruly nation still in flux nearly three years after the fall of Muammar Gaddafi.

Click here to read the full Reuters article.