Libya’s National Oil Corporation (NOC) has lifted force majeure on Hariga port after settling a dispute over its budget with the new Government of National Unity (GNU), it said on Monday.
NOC’s Arabian Gulf Oil Company (AGOCO) unit, which runs Hariga, said this month it was suspending output because it had not received any state financing since September.
NOC said the GNU would allocate 1 billion dinars ($225 million) as part of an agreement they had reached to end the force majeure it had declared on exports through Hariga.