Libya's Haftar agrees to lift oil blockade with conditions

Eastern Libyan commander Khalifa Haftar said on Friday his forces would let oil production resume after an eight-month blockade and a senior politician in Tripoli said a committee would be formed to ensure fair distribution of revenues.

However, National Oil Corporation (NOC), which operates Libya's energy sector, said overnight it would not lift force majeure on exports until oil facilities were demilitarised.
The blockade by eastern forces has cost Libya $9 billion in lost revenue so far this year, the Tripoli-based Central Bank of Libya said this week. The stoppage has become a big obstacle to new efforts to seek a path forwards in peace talks after Haftar's assault on Tripoli collapsed in June.