On Thursday, the Libyan Parliament-designate government, led by Prime Minister Osama Hammad, lifted the state of force majeure on all oil fields, ports, and facilities, allowing for the resumption of normal oil production and exports.
This decision comes as part of efforts to support recent developments by the House of Representatives and the High Council of State, which resulted in the appointment of a new governor for the Central Bank of Libya and his deputy.
Hammad explained that the force majeure was previously declared as a precautionary measure to safeguard against potential consequences following attempts to seize the Central Bank by unauthorized individuals.
In his statement, Hammad emphasised that, in the interest of public welfare, the Libyan government has now deemed it necessary to lift the force majeure, ensuring the smooth continuation of oil production and exports, which are critical to Libya’s economy.
