Libya’s Oil Minister Oun: Libya could resume full production within days. Libya’s NOC declared a force majeure on 550,000 bpd of its production last week. Libya’s oilfields, under force majeure, may reopen within days, according to Libya’s oil minister, following calls by Libyan prime minister-designate Fathi Bashagha on Sunday after a meeting with various representatives of the Oil Crescent region, which houses the country’s main oil resources. Last weekend, the Libyan National Oil Company (NOC) declared force majeure on Libya’s largest oilfield, Al-Sharara, along with the El Feel oilfield and two major export terminals, taking some 550,000 barrels per day offline. On Sunday, prime minister-designate Bashagha called on those in the Oil Crescent region to open the ports for exporting, according to local media reports . However, he also demanded that oil revenues be distributed evenly between east and west. Hours later, Bloomberg cited Oil Minister Mohammed Oun, who […]