Force majeure lifted from all key terminals Production increase will take long time due to technical problems Kriti Bastion tanker loading crude from Es Sider Libya’s National Oil Corporation lifted force majeure on crude exports from all its key terminals, paving the way for a gradual restart of its crude production, the state-owned company said on July 10. NOC, however, cautioned that the output recovery would take a long time “due to the significant damage to reservoirs and infrastructure” caused by the port blockade which had been in place since mid-January. NOC had been in talks with regional countries and the Government of National Accord under the supervision of the UN and the US to restart oil output, and sources said a “temporary arrangement” had been agreed. “For NOC, the work has just started. Our infrastructure […]