After Libya lifted and then declared again force majeure on all its oil exports in the span of just two days, the United States warned that parties in the conflict that continue to undermine Libya’s economy and seek confrontation face isolation and risk of sanctions. After six months of port blockades and no exports, Libya’s National Oil Corporation (NOC) said on Friday that it lifted force majeure on all oil exports from Libya. 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. As a result of the blockade, oil production in Libya plummeted to just 100,000 barrels per day (bpd) compared to 1.2 million bpd before the blockade. However, just two days […]