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Libya declares force majeure for two biggest oil ports

Oil production flowing to Es Sider and Ras Lanuf will be gradually shut down

Published: Updated:

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.