Libya’s NOC turns back the clock on crude marketing and refining

Adecision by National Oil Corporation (NOC) not to renew the three-year-old deal giving Glencore the exclusive right to lift crude from the Marsa Al-Harigah terminal outside Tobruk demonstrates how much the conditions under which Libya exports crude have changed in the past year. The hoped-for resumption of operations at the Ras Lanuf oil refinery in April – if it can be achieved – will change the picture further.