Just two days after it lifted the force majeure on all oil exports, Libya’s National Oil Corporation has declared force majeure again, citing a renewed blockade on its oil export terminals and blaming it on interference from the United Arab Emirates. NOC placed the oil terminals at Hariga, Brega, Zueitina, Es Sider, and Ras Lanuf under force majeure at the beginning of this year, after forces affiliated with the Libyan National Army (LNA) of eastern Libyan strongman General Khalifa Haftar occupied Libya’s oil export terminals and oilfields. The blockade at the ports lasted for more than six months, but parties were negotiating – and apparently reached – an agreement, for the re-opening of the oil terminals and the restart of oil production, which had plummeted to just 100,000 barrels per day (bpd) compared to 1.2 million bpd before the blockade. Last Friday, NOC lifted the blockade, possibly sparking concern […]