Libyan Oil and Gas Ministry calls for keeping sector away from political conflicts

Libyan Oil and Gas Ministry calls for keeping sector away from political conflicts

April 17, 2022 - 19:11
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Written By: AbdulkaderAssad

The Ministry of Oil and Gas called for avoiding political parties that want to plunge the oil sector into the political conflict to achieve political gains at the expense of other opponents.

This call came a few hours after the declaring of a state of force majeure on El Feel oilfield due to the stoppage of production on Sunday.

"The closures are forcibly reducing production, which will prevent obtaining profitable revenues expected from the sale of crude oil and gas, taking advantage of the unprecedented rise in prices in the global oil markets." The ministry said in a statement.

The statement referred to the consequences of the damage to the position of the National Oil Corporation (NOC) in global markets as a result of its inability to implement its obligations, as well as the damage to the reservoirs, infrastructure and surface utilities of the oil facilities, which are in a critical condition and suffer from several technical problems and need maintenance work.

The Ministry of Oil and Gas renewed its call on all political parties and those with demands to engage in effective participation in the national political dialogue and to prioritize the national interest without any interference from external parties, urging UNSMIL to abide by its role to supervise the dialogue without having a negative impact on Libyan national efforts.

The NOC announced a state of force majeure on the El Feel oilfield on Sunday due to the full shutdown of production, saying that behavior made it impossible for the NOC to implement its contractual obligations.