Mike Muller, director of oil business development and head of trading at Vitol Asia, said the resumption of oil exports in libya is not so certain due to the conflict between the LNA and GNA and the continued presence of militants at oil facilities, according to energy and commodities information and a source Global Platts.
“We have seen this talk of force majeures being lifted many, many times before,” Muller told a Gulf Intelligence webinar on Sept. 20. “For as long as the key facilities both producing in the desert and the ports are occupied by mercenaries and forces that are not aligned with the GNA, it is not a given that this means we’re going to see production in Libya go from less than 100,000 to more than 1.2 million b/d.”