Libya’s new oil chief Farhat Bengdara removes force majeure at all the country’s oil fields and export terminals as groups besieging several installations ended their blockade
Pipelines are seen at the Zueitina oil terminal, after oil exports resume in Zueitina, west of Benghazi, Libya October 4, 2020. Picture taken October 4, 2020.
Force majeure is a legal measure allowing companies to free themselves from contractual obligations in light of circumstances beyond their control. But on Friday, the groups said they were lifting the blockades after the new NOC chief "promised to satisfy all our demands, name an equitable distribution of oil revenues".
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