Libyan National Oil Corporation announces reopening of export terminals

Benghazi, Libya: Libya’s Tripoli-based National Oil Corporation (NOC) said on Wednesday that four export terminals were being reopened after eastern factions handed them the ports.

Force majeure, a legal waiver on contractual obligations, was lifted on the ports of Ras Lanuf, Es Sider, Zueitina and Hariga, it said in a statement.

“Production and export operations will return to normal levels within the next few hours,” it said.

Libya’s national oil production fell to 527,000 barrels per day from a high of 1.28 million bpd in February following recent oil port closures, National Oil Corp said earlier in the week.