Libya Lifts Exports, Production Ban on All Oil Fields, Ports
- Tripoli-based government picks Farhat bin Qadara to run NOC
- Oil production has fallen due to civil strife, underinvestment
An oil facility in al-Buraqah, Libya.
Photographer: Abdullah Doma/AFP/Getty Images
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Libya is restarting its oil exports and production from all of its fields after reaching a deal with protesters, ending months-long blockade that had halved the OPEC nation’s output.
“The National Oil Corporation declares the lifting of force majeure and the end of all closures of all Libyan oil fields and ports,” the new NOC Chairman Farhat bin Qadara said in a televised press briefing after securing an agreement with protesters and tribal heads to reopen the fields and export terminals that had been largely down since mid-April.