Oil - Libya oil exports threatened as NOC warns against port deal

Reuters published an article over the weekend, citing that Libya’s oil exports have come under serious threat after the Libyan oil company objected a port deal.

Key Headlines:

“Libya's hopes to boost crude exports have been dealt a blow after the head of the National Oil Corporation (NOC) objected to a deal between the government and local guards to reopen key ports.”

“In a letter seen by Reuters to U.N. Libya envoy Martin Kobler and a number of oil and diplomatic officials, NOC chairman Mustafa Sanalla said it was a mistake to reward Ibrahim Jathran, head of the Petroleum Facilities Guard (PFG), for a blockade of the oil ports of Ras Lanuf, Es Sider and Zueitina.”