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Libya: NOC and government compromise to restore output


Issue 437 - 29 Apr 2021

National Oil Corporation (NOC) successfully used a temporary declaration of force majeure at the Marsa el-Hariga export terminal to secure payment of budget arrears from the Government of National Unity (GNU). The suspension of exports for just over a week was an indication of the scratchy relationship between NOC and the new Ministry of Oil and Gas, with each side yet to test the limits of its role in the new administration.

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