On Monday, October 26, Libya's National Oil Corporation (NOC) announced that it restarted operations at all production facilities in the country, including oil fields and ports. The agreement came into force after the lifting of force majeure at the El Feel oil field. The company's management confirmed the information and gave permission to restore production at all Libya's oil facilities, including the El Feel field. Last Friday, October 23, the NOC lifted force majeure on exports from the ports of Es Sider and Ras Lanuf. Exports of hydrocarbons are to be resumed in the near future. The NOC’s executives expect output to reach 800 thousand barrels per day within two weeks and exceed 1 million barrels per day within a month. The majority of oil fields and ports in Libya have been closed since January of 2020 because of an armed conflict in the region. Back then, Libyan crude output and exports at the oil ports of Ras Lanuf, Es Sider, Marsa el-Brega, Marsa el-Hariga, and Zueitina were halted. Nowadays, the confrontation between the Tripoli-based Government of National Accord (GNA) led by Fayez al-Sarraj and the Libyan National Army (LNA) commanded by Khalifa Haftar is still going on. Fayez al-Sarraj receives support from Turkey and Qatar, while the LNA is backed by Egypt and the UAE. According to Libyan Central Bank Governor Sadiq Al-Kabir, due to the on-and-off suspension of production and exports of crude oil during 2013-2020, the oil industry suffered substantial losses of more than $180 billion.
