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Libya resumes oil exports from key terminals

“The National Oil Corporation has received confirmations that the foreign forces had left the ports’ area which will enable it to perform its oil operations and resume exports,”

Libya resumes oil exports from key terminals www.theafricanstand.com
Exports from the region’s ports were brought to a halt after Khalifa Haftar’s self-styled Libyan National Army (LNA) seized control of the key installations from rival factions in June [Smail Zitouny/Reuters]

(The African Stand) — Libya’s National Oil Corporation announced Friday the resumption of oil exports from two key terminals in the east of the conflict-strewn country, as rival administrations struck a ceasefire deal.

“Force majeure is being lifted from Ras Lanuf and Al-Sidra starting Friday,” the state oil company said in a statement.

“The National Oil Corporation has received confirmations that the foreign forces had left the ports’ area which will enable it to perform its oil operations and resume exports,” it said.

Force majeure refers to external unforeseen elements that prevent a party from fulfilling a contract.

The North African state has been in chaos since a 2011 uprising that toppled and killed longtime dictator Moamer Kadhafi.

Libya, which sits atop Africa’s largest proven crude oil reserves, has been torn between the rival powers of the UN-recognised Government of National Accord (GNA) in Tripoli and strongman Khalifa Haftar who backs a rival administration in the east.

The two warring factions Friday signed a “permanent ceasefire” after five days of talks at the United Nations in Geneva.

Ras Lanuf and Al-Sidra are among the conduits for much of the crude, gas, and petrochemical sales that form the lifeblood of Libya’s economy.

They had been controlled by various militias before falling into the hands of Haftar’s forces who earlier this year agreed to lift a blockade of Libya’s oil fields.

Wandukwa Henry

Written by Wandukwa Henry

Wandukwa Henry is a graduate from the University of Nairobi with a Bachelor of Computer Science and now he is an African Stand correspondent covering the East African region.

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