Libya's NOC lifts force majeure on Zueitina and Brega oil ports

Libya's NOC lifts force majeure on Zueitina and Brega oil ports

July 13, 2022 - 20:29
Posted in:
Written By: AbdulkaderAssad

The Libyan National Oil Corporation (NOC) has lifted force majeure on Brega and Zueitina oil ports, resuming exports after nearly four months of shutdown.

NOC added in a statement on Wednesday that oil tanker "Ebla" was on its way to ship condensates after being technically cleared by Sirte company.

The NOC Chairman, Mustafa Sanallah, whom the Government of National Unity sacked on Tuesday and replaced him with Farhat Bengdara, commented on the lifting by saying that the step was done after long negotiations, allowing the tanker to shop from Brega and Zueitina ports, adding that experts were negotiating for resuming production for Waha and Mellitah companies.

"Over the past few days, we contacted with the Petroleum Facilities Guard and the Chairman of the Energy Committee of the Libyan House of Representatives. We then were convinced about the importance of shipping condensates to solve the gas shortage crisis in the eastern region, and to ensure flow continuation to the Zueitina and northern Benghazi stations, as well as Al-Sarir station once production of the fields of Waha Company started." Sanallah said.

The NOC reassured the oil market that Libya continues to assume its responsibilities and maintain a regular flow of oil to global markets, stressing that instructions were given to companies to gradually increase oil and natural gas production capacity.

Sanallah hasn't commented yet on the news of his dismissal from the NOC chairman post by Dbeibah's government and replacing him with Farhat Bengdara, who is close to Khalifa Haftar and his sons.