Libya declares force majeure for two biggest oil ports
Oil production flowing to Es Sider and Ras Lanuf will be gradually shut down
Libya has declared force majeure for the country’s two biggest oil exports ports, Es Sider and Ras Lanuf, the Tripoli-based state National Oil Corp (NOC) said on Sunday.
Oil production flowing to the two eastern ports would be gradually shut down, NOC said in a statement, blaming clashes nearby between armed factions allied to Libya’s two rival governments. Only a minimum oil staff would stay on site.
Force majeure is a legal waiver for contractual obligations.