The National Oil Corporation (NOC) of Libya has announced the reopening of the third port to resume operation in less than a week in Libya. The NOC is ending force majeure at Zuetina in Eastern Libya after it said there is a “significant improvement” in the security. Exports had earlier commenced from the Hariga and Brega terminals in the country several months after shut down.

According to the Company, production in Libya will more than double to 260,000 barrels a day by next week. It said it is evaluating the security situation at other export terminals before it can declare them safe to resume operation.

A statement from the NOC read, “The remaining oil fields and ports are being evaluated according to the safety and security standards in force in the national oil sector.”

The NOC said it shipped its lowest monthly figure this year in July; $38.2 million barrels of oil, natural gas and condensate. The country’s largest and third-largest oil ports, the Es Sider and Ras Lanuf ports are still closed, so is the Zawiya terminal which exports crude from Sharara, the country’s largest oilfield.

The NOC said production will increase as workers return to fields that supply Brega and Hariga ports. Oil tankers will start arriving at both ports to load crude. Arabian Gulf Oil Co, the operator of the Sarir and Messla oil fields, said the Suezmax tanker Delta Hellas will reach Hariga on Wednesday to load 1 million barrels of crude from storage which will enable production to resume immediately.

In a report by OilX analysts including Juan Carlos Rodriguez and Florian Thaler, crude storage tanks at Libyan export terminals can hold 24.4 million barrels, but only Hariga and Zueitina ports are much more than 50% full and able to “sustain an immediate increase in exports” before output resumes at oil fields.

Goldman Sachs Group Inc. believes exports could reach 550,000 barrels a day by the end of the year while Bloomberg Intelligence is optimistic exports may be up to 1 million barrels per day.