The Libyan National Oil Company (NOC) on Monday warned to declare a "force majeure" on its facilities in the northern Gulf of Sirte within 72 hours, as it is unable to meet its contractual obligations due to their forced closure. Invoking a "state of force majeure" allows the company to be released from its contractual obligations while exonerating it from any responsibility for its non-performance. Despite the country's oil wealth, Libyans face a dozen hours of power cuts a day, while the temperature hovers around 40 degrees. The National Electricity Company (Gecol) lamented a "loss of about 1,000 megawatts" due to a disruption in gas supply caused by the blockades, Tripoli government representative Mohamed Hamouda said Sunday. Mr Dbeibah has "temporarily suspended" the Gecol board pending an "administrative investigation".

Source: Libya Today June 27, 2022 17:38 UTC