Libya’s National Oil Corporation is resuming operations at the Zueitina oil terminal after the unit was shut down last month because of the ongoing political turmoil in the country.
The oil company declared “temporary lifting of the force majeure” at the terminal on Sunday to start loading tankers with crude oil to reduce stock and free up storage capacity, it said in a statement on its website.
Force majeure refers to an unforeseen set of circumstances preventing a party from fulfilling a contract.
“With the efforts of the … people of this country and in regular and continuous communication with all parties, the [Zueitina] oil terminal has temporarily resumed work, to load two tankers and allow for enough space to store the displaced volume of crude oil,” the company said.