Libya will begin loading oil for export on July 20 after the force majeure was declared lifted following an intense battle for control of the National Oil Company (NOC) last week. The statement also said that an additional two tankers would arrive at the port of Ras Lanuf, either on the 20th or 21st. “These arrangements have been made in order to resume production operations,” NOC added. As of June 30th, Libya was exporting between 365,000 and 409,000 barrels per day. Prior to the declaration of force majeure in April, the country was exporting up to 865,000 bpd, according to NOC data cited by S&P Platts.
