RIVAL sides in politically divided Libya have agreed to set up a committee to oversee the sharing of oil revenues.
Eastern military strongman Khalifa Haftar had threated to force the shut-down of oil production unless the UN-backed Tripoli-based government agreed to address the issue.
Libya sits on Africa’s biggest oil reserves but friction between administrations in the east and west have severely hampered production.
Crude oil provides the main source of revenue for the country, which has been plagued by unrest since a Nato-backed revolt in 2011 toppled former leader Muammar Gaddafi.
