Libya’s New Oil Chief Considering Ending Force Majeure at Ports
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Libya’s new head of the state oil company for the eastern region is considering ending force majeure at the North African nation’s two largest ports and will seek to boost crude output.
“Among my priorities will be lifting force majeure at Es Sider and Ras Lanuf,” Nagi Elmagrabi, chairman of the National Oil Corp. for the eastern region, said in a phone interview Tuesday. “I will also seek to increase oil production.”