Libya’s Abu Attifel oil field has restarted operations after a two-week halt due to the closure of oil ports—a closure that ended on Wednesday after Libya’s National Oil Corporation (NOC) lifted the force majeure on four ports in the eastern part of the country after the export terminals were handed over to the Tripoli-based internationally recognized Libyan oil company. “Production and export operations will return to normal levels within the next few hours,” the NOC said in a statement yesterday, lifting the ten-day force majeure on the ports of Ras Lanuf, Es Sider, Hariga, and Zuetina, which had crippled Libyan production and had oil market participants worried that another major supply disruption would push oil prices up. Production resumption at Abu Attifel will be gradual, a Libyan oil source and an engineer told Reuters on Thursday. The most recent production at the oil field had been 50,000 bpd-60,000 bpd, […]