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NOC is struggling amid another crisis in Libya

Libya is in chaos. Can its state oil firm survive intact?

Handling about a third of Libya’s oil-export capacity, the ports of Ras Lanuf and Sidra are critical to National Oil Company (NOC) and the country’s economy. But protesters shut down the facilities in August, leading the state firm to declare force majeure on exports and warn buyers that its September loading programme would be disrupted.  Worse still, a unit of the group charged with protecting the facilities, the Petroleum Facilities Guard (PFG), had begun efforts to find international buyers for oil held in one of Sidra’s storage tanks. It was a direct challenge to NOC’s authority. The state company has the sole legal right to sell Libyan oil. “It’s smuggling plain and simple,” one exasp

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