Ousting of NOC chairman Sanalla may not lead to more stability in Libyan oil exports. Libya produced around 650,000 bpd of crude in June. Ongoing disagreement about a fair distribution of the country’s oil and gas revenues continues to be one of the main underlying problems. For a moment last week, it seemed that Libya might be snapping back into some version of itself more approaching normalcy than has been evident for some time. There was news from local sources that the country’s state-owned National Oil Corporation (NOC) had lifted the force majeure on the eastern oil terminals of Zueitina and Brega that had been in place on and off for weeks . This move was made specifically to allow an oil tanker ship to carry condensate for use in power generation in the country, but the expectations were that it would presage a broader opening of Libya’s oil […]