MAST GUARDING

Libya resuming oil exports from some major ports

Exports to begin “immediately”, NOC Chairman Mustafa Sanalla said.
By Ayman al-Warfalli
Libya is resuming oil exports from some of its main ports which forces loyal to eastern commander Khalifa Haftar seized in recent days and has lifted related “force majeuere” contractual clauses, the National Oil Corporation (NOC) said on Thursday.
The north African nation is highly dependent on hydrocarbon revenues and needs oil exports to resume to save its economy from collapse. Conflict since Libya’s 2011 uprising has reduced its oil output to a fraction of the 1.6 million barrels per day the OPEC member once produced.
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Source: reuters.com

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