The United Nations Support Mission in Libya (UNSMIL) has welcomed the National Oil Corporation's (NOC) decision to lift the force majeure on oil production, calling for the Central Bank to manage the revenues.

In a statement on Thursday, the mission emphasized that oil revenues should be handled within the appropriate institutional framework, with the Central Bank of Libya taking charge.

The UN mission highlighted the importance of utilizing oil resources for the development and prosperity of the Libyan people and ensuring the country's economic and financial stability.

Earlier, the NOC had lifted the force majeure on oil fields and ports, following a similar announcement by the parallel government. This move came a day after the new CBL Governor, Nagy Issa, officially assumed office in Tripoli.

Economy