On Monday, the country’s first unified government in seven years was sworn in, as efforts to reach a formal peace gather pace.
There are still plenty of divisions between the differing factions and those won’t be easily resolved before elections scheduled for December. The new cabinet will also have its work cut out restoring key services following a decade of turmoil since former dictator Muammar al-Qaddafi was toppled.
Yet the unity government, which ends a split between dueling eastern and western administrations, offers hope. It could further steady the oil industry in Libya -- home to Africa’s largest reserves -- and reduce the chances that militias restart fighting or close down ports, fields and refineries again.
“Libya’s oil and gas production will likely remain stable and the odds of broad conflict will remain low,” said analysts at Texas-based Stratfor, which advises clients on geopolitical risks.
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