Libya has planned to hike crude production and exports in the coming week, a development expected to revive aframax and suezmax tanker trades in the Mediterranean.
After Eastern Libyan general Khalifa Haftar lifted an eight-month oil blockade last week, state-owned National Oil Corp (NOC) has been resuming operations at several upstream facilities and terminals in the war-torn country.
“Libya have now started exporting, and it is only a matter of time until production is up and running again,” brokerage Fearnleys said in a note.
