Libya’s National Oil Corporation (NOC) is conditioning lifting the force majeure on the country’s oil exports on the demilitarization of all oil facilities and export terminals, NOC’s chairman Mustafa Sanalla said on Friday, while eastern Libyan strongman General Khalifa Haftar announced the lifting of the blockade. Libya’s oil export terminals have been closed since January after paramilitary formations affiliated with Haftar’s Libyan National Army (LNA) occupied the oil export terminals and oilfields of the African OPEC producer, effectively blocking Libya’s oil exports. Currently, oil production in Libya is just 100,000 bpd—down from 1.2 million bpd at the start of the year, just before the blockade in January. In recent weeks, rival factions and the foreign powers supporting them have been negotiating some kind of an agreement that could lead to Libyan oil start flowing to the global market at a time of weak demand recovery and weak oil prices. […]