Libya is set to restart the last of its major oil fields following a ceasefire in its civil war, a milestone for the OPEC member that’s been largely offline since January.

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Oil extended losses after the state energy firm lifted force majeure on exports from El Feel on Monday. The move will bolster the Tripoli-based National Oil Corp’s efforts to boost Libyan production to 1 million barrels each day within a month.

Crude production from the western deposit of El Feel, or Elephant in Arabic, will reach normal rates of around 70,000 barrels daily within a few days, the Tripoli-based National Oil Corp said

Crude production from the western deposit of El Feel, or Elephant in Arabic, will reach normal rates of around 70,000 barrels daily within a few days, the NOC said. Force majeure is a clause in contracts allowing deliveries to be suspended.

Monday marks “the end of closures at all Libyan oil fields and ports,” the NOC said.

Libya’s output has risen rapidly over the past six weeks after Khalifa Haftar, a commander in the OPEC member’s long-running civil war, ended a blockade of most energy facilities imposed in January. His representatives agreed a permanent truce with the United Nations-recognized government of Prime Minister Fayez al-Sarraj on Friday. The two sides are set to meet in Tunisia next month to appoint a unity government.

The speed of the recovery has taken traders by surprise and put pressure on oil prices, which have been hammered since the coronavirus spread around the world. Brent crude dropped 3.3 percent to US$40.41 per barrel as of 8:17 am in London, deepening its fall this year to 39 percent.

Libya’s daily output has risen to 560,000 barrels from less than 100,000 in early September. Sharara, the country’s biggest field, reopened around two weeks ago, while the last oil ports still closed -- Ras Lanuf and Es Sider -- restarted last week.

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Libya won’t be able to pump at last year’s levels of around 1.2 million barrels a day due to damaged infrastructure and budget constraints, according to the NOC.

The Arab nation is home to Africa’s largest oil reserves. Due to its strife, it was exempted from supply cuts agreed by the OPEC+ alliance of major producers at the height of the pandemic in April.

Libya’s return poses a headache for OPEC+ -- made up of the Organization of Petroleum Exporting Countries and others such as Russia -- just as a resurgence in virus cases saps global demand for energy. The group had planned to ease the production cuts by almost 2 million barrels a day in January, but may now opt for a delay.