Libyan oil unity?

A deal to unite the eastern and western NOCs could lift output quickly – or crumble in a battle over revenue

ON THE face of it, the 2 July announcement of unification between Libya's two rival National Oil Corporations (NOCs) is good news both for production and the country. But key questions remain about whether it will be implemented. Two years of civil war between Libya Dawn militias in Tripoli and Operation Dignity forces of the House of Representatives (HoR) parliament in Tobruk have seen production capacity plummet from 1.45m barrels a day to around 300,000 b/d. In recent months, the political chaos led to further dislocation in the oil sector, as the rival NOCs - and the political factions that they represented - sought control of the entire sector. Now a unification of the Tripoli and Tobru