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Conflict-hit Libya to restart oil operations: state firm

Oil refinery in Libya

What you need to know:

  • Libya, which has the biggest proven reserves of crude in Africa, is torn between the rival powers of the UN-recognised Government of National Accord (GNA) based in Tripoli and strongman Khalifa Haftar, who rules over the east and part of the south.
  • The NOC had invoked force majeure in response -- a measure used in exceptional circumstances that allows the NOC to be exonerated from liability in the event of non-compliance with oil delivery contracts.

Tripoli,

The Libyan National Oil Company announced Friday the resumption of oil production and exports after a nearly six-month shutdown due to conflict dividing the country.