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Libya lifts force majeure on second oil port

  • Libya's state oil company says it is lifting force majeure on the 70K bbl/day Zueitina oil terminal after an eight-month blockade, paving the way for a rebound in oil exports from the country.
  • The port exports oil produced by a joint venture between Libya's National Oil Co., Austria's OMV and Occidental Petroleum (OXY +0.2%).
  • Another terminal, the 110K bbl/day Hariga, restarted exports mid-April following an agreement between the government and rebels, but two larger ports - Ras Lanuf and Es-Sider - have yet to be reopened.
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