Libya’s Eastern Government Considers Force Majeure On Oil Ports
The eastern-based Libyan government has warned it may declare force majeure on the country’s oil fields and ports, citing repeated ...
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Tag: Force Majeure
OMV Expects €200 Million Impact Due to Libyan Oil Disruptions
Austrian oil and gas company OMV announced on Tuesday that it expects a financial impact exceeding €200 million ($220 million) ...
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UN Stresses Need for Equitable Management of Libya’s Oil Revenues
On Thursday, the United Nations Support Mission to Libya (UNSMIL) called for Libya’s oil revenues to be managed through the ...
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Libya Lifts Force Majeure on Oil Fields & Ports
On Thursday, the Libyan Parliament-designate government, led by Prime Minister Osama Hammad, lifted the state of force majeure on all ...
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Libya Faces Decline in Oil Exports Amid Political Turmoil
Libyan oil exports dropped by around 81% last week as the National Oil Corporation (NOC) cancelled shipments amid a crisis ...
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Oil Production in Libya Falls by 70%
Libya has suffered a significant blow to its oil industry, with reports revealing that the country has lost 70% of ...
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EU Demands End to Force Majeure on Libyan Oil Fields
On Saturday, the European Union issued a strong call for the immediate lifting of the force majeure status on Libya’s ...
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Oil Prices Surge 3% as Libya Suspends Production & Exports
On Monday, global oil prices jumped by 3% after Libya announced a halt in oil production and exports, sparking concerns ...
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Libyan Government Declares Force Majeure on Oil Production
The Parliament-designate government led by Prime Minister Osama Hammad, declared a state of "force majeure" on all oil fields, ports, ...
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Libya’s National Oil Corporation Declares Force Majeure at Sharara Oil Field
On Wednesday, the National Oil Corporation (NOC) declared a force majeure at the Sharara oil field. This decision comes amid ...
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