Libya reveals details of oil-port deal, crudes price on decline

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Xinhua, Tripoli :
Libya’s interim government Monday revealed details of the agreement with the rebels on lifting oil blockades, lowering oil prices in international markets.
“The government works to preserve ‘Libyan blood’ in order to avoid more economic losses. The government has agreed on the deal.. .and (it) is now signed,” the authorities said in an official statement.
According to the statement, the most important part of the agreement is to form a committee to investigate corruption and embezzlement in the oil sector since the fall of former leader Muammar Gaddafi’s government.
The agreement also stressed on a official cancellation of a parliament’s decision to wipe out the armed groups seizing the oil ports.
Two oil-ports, Zweetina in Ajdabiya and al-Herega in Tobruk, will reopen immediately, while Sidrah and Rass Lanuf are scheduled to open in four weeks.

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