Tripoli: Libya’s National Oil Corporation has announced the closure of operations in major oil fields after staff in the key export terminal of Zueitina were blocked from working.
The company said it could no longer implement contractual obligations for oil deliveries from Zueitina terminal or from its biggest oil field, Sharara, after previously saying it had halted production at another field, Al-Fil. “The National Oil Corporation is obliged to declare a state of force majeure on the oil port of Zueitina, including all fields and producing stations associated with this port and shipping facilities until further notice,” NOC chief Mustafa Sanalla said in a statement on Monday.
Declaring force majeure is a legal move allowing parties to free themselves from contractual obligations when factors such as fighting or natural disasters make meeting them impossible. –Agencies
