Libya to Resume Oil Exports after Months-Long Shutdown

The head of Libya’s state energy company said the war-torn country would resume crude oil exports for the first time in six months, state-run Anadolu news agency said.
Since the beginning of the year, forces of rebel General Khalifa Hasftar’s self-styled Libyan National Army (LNA) have blocked oil production and exports in the country’s most important fields and terminals to demand, claiming a fair division of oil revenues.
But the Turkish-backed, United Nations-recognised Government of National Accord (GNA) has made significant battlefield gains against the LNA in recent months.
The GNA-controlled National Oil Corporation (NOC) is now in a position to lift force majeure, which has cost Libya $6.4 billion, the corporation’s head Mustafa Sanalla said, although he cautioned production would remain depressed because of technical problems.
“We are very glad finally to be able to take this important step,” Anadolu cited Sanalla as saying.
“The increase in production will take a long time due to the significant damage to reservoirs and infrastructure caused by the blockade imposed on January 17,” he said.
Libya is split between the Tripoli-based GNA, and the eastern-based LNA.

About Parvin Faghfouri Azar

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