Libya to declare force majeure on 2 contested oil ports
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June 29, 2018
BENGHAZI, Libya (AP) — Libya's National Oil Corporation says it anticipates declaring a "force majeure" on two oil ports as the self-styled Libyan National Army in the east prevents loadings by blocking vessel entries to ports.
Friday's NOC statement says the decision regarding Zuetina and Hariga terminals will be enforced Sunday. It would result in output losses of 350,000bpd for the two ports, bringing total losses for all ports to 800,000 bpd and daily financial losses to around $60million.
The LNA, led by strongman Khalifa Hifter, said it handed over the terminals' management to a firm controlled by the interim east-based government.
The NOC called on the LNA to end the blockade.
The United States and the EU have voiced concern over the LNA's actions and said the terminals should remain under NOC control.
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