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Hope for peace negotiations in Libya

Talks between Tobruk and Misrata offer more hope than the UN-led negotiations

Hanging over any efforts to restore oil production, rescue the economy and see off a growing threat from Islamic State (IS) is Libya’s political impasse. Bernardino Leon, the diplomat heading the UN’s peace initiative, continues to exude hope, but his efforts, which included more negotiations in Morocco as Petroleum Economist was going to press, are running out of steam. Leon wanted Libya’s two rival governments to approve his latest draft peace agreement – the fourth and, he said, “final” – by 17 June, the eve of Ramadan. He got halfway: the Tripoli-based General National Congress (GNC), rewarded in the new iteration with control of a proposed State Council, or upper house, endorsed it. Th

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