Middle East

Libyan port deal questioned

Cairo: Libyan authorities claim that they are two to three days away from sealing a deal with rebels in the east of the country to reopen three crucial oil terminals that have been shuttered for around nine months. Nevertheless, analysts are not convinced the deal will happen given past failed dealings between Tripoli and its eastern compatriots.

"We note that in that previous episode of negotiations, a final deal was not reached and as such we remain cautious to the possibility that the recent announcement simply reflects a change in bargaining power rather than a structural move toward consensus," Goldman Sachs said in a research note.

Meanwhile, the US Coast Guard (USCG) has said ships calling at Libyan ports should increase security measures to speed up entry into the US.  [03/04/14]

Back to top button