Advertisment Libya’s Oil Output Goes Offline as Force Majeure Declared in Ports | Iran Energy News Skip to main content
IRAN Energy News Agency
Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil, Gas, Petrochemical and Energy Field Specialized Channel

Libya’s Oil Output Goes Offline as Force Majeure Declared in Ports

The NOC had warned of daily losses of $67.4 million and extensive disruption to oil, gas and power operations.

Libya’s National Oil Corporation (NOC) declared force majeure on loadings from Zueitina and Hariga ports on Monday, resulting in total production losses of 850,000 barrels per day (bpd) due to the closure of eastern fields and ports.

The Tripoli-based NOC made the announcement after eastern factions seeking control of Libya’s oil exports began to block tankers at the two ports last week.

“Despite our warning of the consequences and attempts to reason with the LNA General Command, two legitimate allocations were blocked from loading at Hariga and Zueitina this weekend,” Tripoli-based NOC Chairman Mustafa Sanalla was quoted as saying in Monday’s statement.

“The storage tanks are full and production will now go offline.”

The NOC had warned of daily losses of $67.4 million and extensive disruption to oil, gas and power operations if force majeure was declared at Zueitina and Hariga.

Cumulative losses since June 14 stood at more than $650 million, it said

 

Join us on Telegram Channel."Energy Today"
Google +
Twitter
Facebook
Google Translate
Instagram
Digg
Telegram
Blogger
Linkedin
Pinterest

Add new comment

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Fill in the blank.
49