Libya's NOC declares force majeure on oil exports after shutdown of oil ports

Libya's NOC declares force majeure on oil exports after shutdown of oil ports

January 18, 2020 - 20:55
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Written By: AbdulkaderAssad

The Libyan National Oil Corporation (NOC) has declared force majeure on oil exports in eastern and central terminals after Khalifa Haftar's forces have blockaded oil exports from Brega, Ras Lanuf, Hariga, Zueitina and Sidra ports.

The NOC added that this step will result in a loss of crude oil production of 800,000 pbd and daily financial losses of approximately $55 million per day.

"Haftar's General Command and the Petroleum Facilities Guard of the Central and Eastern Regions have instructed the managements of Sirte Oil Company, Harouge Oil Operations, Waha Oil Company, Zueitina Oil Company and Arab Gulf Oil Company (AGOCO), subsidiaries of the National Oil Corporation, to stop oil exports from Brega, Ras Lanuf, Hariga, Zueitina, and Sidra ports." The NOC said in a statement.

The NOC indicated that the blockade instructions were given by Major General Nagi Al-Moghrabi, the commander of PFG appointed by Haftar's forces, and Colonel Ali al-Jilani from Haftar's Greater Sirte Operations Room.

Meanwhile, the spokesman for Khalifa Haftar's forces Ahmed Al-Mismari claimed Friday that those who shut down the oil ports were residents of the Oil Crescent region and they had acted without any connections with the "General Command of the Army".

 

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