Libya’s National Oil Corporation (NOC) has lifted the force majeure on crude exports from its western ports after militias ended a three-week-long blockade, but supply from the country is struggling to take off because of port closures in the east due to bad weather and a lack of storage tanks at terminals.
Libyan crude oil production slumped earlier this month to below 800,000 barrels per day (bpd), due to a blockade on four oilfields—including the country’s biggest field Sharara—and related export terminals in the west,…Libya Struggles To Restore Oil Supply Despite End Of Three-Week Blockade
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