Libya's National Oil Company (NOC) on Friday announced it had lifted force majeure on the country's oil fields and ports. Force majeure allows a firm to get out of contractual obligations due to unforeseen circumstances. The announcement followed a decision by tribal groups to drop a monthslong blockade of facilities after the government in Tripoli appointed Farhat Bengdara as new head of the NOC Thursday. The oil sector has fallen prey to political struggles, but we will work to prevent political interference." Last year, Libyan oil production at times reached 1.2 billion bpd.
