Libya to resume oil production at largest field amid talks

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Libya's national oil company announced Sunday it is resuming production at the country's largest oil field as rival officials from eastern and western Libya began peace talks, part of preliminary negotiations ahead a U.N.-brokered dialogue set to take place next month.

The National Oil Corporation said it has lifted the force majeure that was imposed at the southwestern Sharara oil field after it reached “an honour agreement” with forces loyal to military commander Khalifa Hifter to end “all obstructions” at the field.

Libya's prized, light crude has long featured in the North African country's civil war with rival militias and foreign powers jostling for control of Africa's largest oil reserves. The mission said the delegations are expected to discuss “legal and constitutional options which may be put forward to the Libyan Political Dialogue Forum.”

The forum aims to “generate consensus on a unified governance framework and arrangements that will lead to the holding of national elections in the shortest possible timeframe,” the U.N. mission said.

 

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