Libya NOC Says It’s Restarting ‘Secure’ Fields, Ports - Bloomberg

Libya NOC Says It’s Restarting ‘Secure’ Fields, Ports - Bloomberg:

Libya’s National Oil Corp. said it will allow the restart of oil from fields and ports that it sees safe and free from armed groups.

The NOC is lifting force majeure from oilfields and export terminals that are “secure” and has given instructions to operating companies to resume production, while the eight-month ban would remain in place in other facilities that still has fighters, it said in a statement on Saturday.

The NOC didn’t mention which ports will resume or how much production the partial restart means. But the Arabian Gulf Oil Co. which produces about 290,000 barrels a day and exports its crude via Hariga port in the east, announced it’s restarting operations.

“Force majeure continues in fields and ports where the presence of fighters from Wagner and other armed groups that hinders the activities and operations is confirmed,” it said. The NOC will only resume operations in safe regions where “technical evaluation is undergoing to resume production and exports.”