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Libya lifts force majeure at Ras Lanuf

Oil

Libya has lifted force majeure at its major oil terminal Ras Lanuf, Reuters reports, citing a spokesman for the country's National Oil Corporation. The terminal which is one of two major eastern oil ports (along with Es Sider) has been under force majeure since December 2014 due to disputes between rival factions. Exports from the port are not expected to start for at least two days and will be dependent on the amount of available oil. Some recent estimates put Libya's oil output at around 500K b/d.