Libyan-Norwegian Lifeco declares force majeure as blockade on Libya's oil installations continues

News In Brief

Libyan-Norwegian Lifeco declares force majeure as blockade on Libya's oil installations continues

February 06, 2020 - 12:26
Written by: SafaAlharathy

The Libyan-Norwegian Fertilizer Company (Lifeco) announced on Wednesday, the state of force majeure in all its factories, noting that production will be suspended as from February 9, due to the continued blockade of oil operations from the Oil Crescent Region.

Lifeco resumed operations in mid-2019, after adjusting their status with the National Oil Corporation (NOC) and its foreign partner, which involved debts worth 300 million dinars to Sirte Oil Company and the NOC.