After an armed takeover of Libya’s National Oil Company (NOC) on Thursday, newly appointed chairman Farhat Bengdara has told media that he is in full control and that force majeure could be lifted on Libya’s oil exports within a week. In an interview with Bloomberg, Bengdara said he would double Libya’s crude oil production to 1.2 million bpd. He also reiterated assurances to foreign partners that all existing contracts would be honored. Sanalla has also filed a complaint demanding the takeover decree be revoked and accusing the Dbeibah government of acting to appease the UAE. In the meantime, the NOC’s website and social media accounts have not published any updates since Thursday, further questioning who is in control.

Source: Libya Today July 16, 2022 03:01 UTC