Saturday, June 28, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Libya’s NOC Declares Force Majeure on Major Oil Terminals

July 1, 2022
Share on FacebookShare on Twitter

On Thursday, the National Oil Corporation (NOC) declared a state of force majeure at Es Sidr, Ras Lanuf Ports, and the El Feel Oilfield.

In a statement, the NOC’s Chairman, Mustafa Sanalla said that the decision comes after the 72 hour-deadline had ended. As well as the loss of more than LYD 16 billion due to blockaded production, and shipping operations at local oil ports.

He added that the force majeure is still in force at the ports of Brega and Zueitina.

“We have run out of patience after we had repeatedly sought to avoid declaring a state of force majeure, but the implementation of our commitments has become impossible. We are forced to declare a state of force majeure on the ports of Es Sidr, Ras Lanuf, and El Feel Oilfield,” Sanalla said.

According to the statement, it became “impossible to provide the Zuetina, North Benghazi, and Sarir power stations with natural gas.” The production of crude oil is linked to gas from the fields of the Waha and Mellitah oil companies, disrupting the coastal pipelines supply of natural gas.

“Today, we are faced with ever greater challenges due to our inability to cover the needs of vital facilities in the country with fuel, due to the sharp decline in oil production,” he claimed.

He stated that “the crisis will worsen in the coming summer months unless oil production is resumed, or the current deficit in the hydrocarbons account is addressed.”

Sanalla criticized the country’s politicians for using oil, the main source of income, “as a bargaining chip,” describing it as “an unforgivable sin.”

The NOC currently has active force majeure measures at the Marsa El-Brega and Zueitina ports. As well as at the 70,000 bpd-producing El Feel and Libya’s largest field, 300,000 bpd El Sharara — although the latter is understood to be operating at minimal capacity, rather than fully shut down.

The closures are a result of protests that have demanded the transfer of power from Abdel-Hamid Dbaiba’s Government of National Unity (GNU) to Fathi Bashagha’s Government of National Stability (GNS), the fair and transparent distribution of oil revenues, and the dismissal of Sanalla.

Tags: Force Majeurelibyanational oil corporationnocRas Lanuf
Next Post

What Did The Libyan Parliament & High State Council Fail To Agree on?

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libyan Security Forces Arrest 77 Drug Dealers

Libyan Militia Tried to Block Rescue of Migrants

EU Seeks ‘New Phase’ of Migration Cooperation With Libya

Libyan Protesters Call for Anti-Corruption Rally in Tripoli

UK Denies Embassy Convoy Was Targeted in Armed Attack in Libya

UN Condemns Calls for Violence Against Staff in Libya

EDITOR PICKS

Libya Deports 176 Chadian Migrants from Kufra

Turkey Reaffirms Legality of Maritime Agreement with Libya

Libyan Parliament Criticises US Deportation Plan

UN Condemns Calls for Violence Against Staff in Libya

EU Border Assistance Mission in Libya Extended Until 2027

EU Seeks ‘New Phase’ of Migration Cooperation With Libya

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR