Libya, which replaced the board of state-owned National Oil Corp., is loading its first cargo of condensate since the lifting of force majeure from all ports and fields, though the legitimacy of the company’s new leadership remains contested. In a July 17 statement on its new Twitter account, NOC said the Italian flagged tanker Ibela had entered the Brega oil terminal to load the cargo. The Libyan oil ministry confirmed the loading, saying in a statement that the Ibela’s arrival signaled the official resumption of oil exports after nearly a three-month closure. The lifting of force majeure was announced on July 15 by new NOC chairman Farhat Bengdara, an ex-governor of the Central Bank of Libya, who took his post following a showdown with former oil chief Mustafa Sanalla and his loyalists, who were evicted from NOC’s Tripoli-based headquarters. Libya’s UN-backed Government of National Unity said July 14 it […]