Reuters has seen a confidential European Union (EU) discussion paper that says an oil embargo is one of the options that could be used to press for a solution to the crisis in Libya.
The paper urges caution, and says a starting point would be to request the UN to look into this possibility.
Another "drastic measure", which should only be considered as a last resort in the event of a full-scale civil war, could be the freezing of the Libyan central bank's overseas assets.
The paper estimated Libyan oil production at 200,000 barrels a day (bpd) now, down from 900,000 bpd in November.
(Source: Reuters)
(Picture: Zueitina)
