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Libya Lifts Force Majeure on Exports From Biggest Oil Field
Libya Lifts Force Majeure on Exports From Biggest Oil Field
09 Jun 2020, 09:21 AM IST
(Bloomberg) -- Libya is set to resume exports from its largest oil field in another step toward reviving its battered energy industry.
(Bloomberg) -- Libya is set to resume exports from its largest oil field in another step toward reviving its battered energy industry.
The country’s state oil firm, the Tripoli-based National Oil Corp., has lifted force majeure on exports of the Sharara grade of crude from the port of Zawiya, it said in a statement Monday. It has done the same for exports of El-Feel crude from a different port.
Sharara, Libya’s largest oil deposit, and El-Feel lie in the south-west of the country. Both fields started pumping again this week, having been shut down since January as the country’s civil war worsened.
©2020 Bloomberg L.P.
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