Libya lifts force majeure on oil exports - News Summed Up

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Libya lifts force majeure on oil exports


Libya’s National Oil Corporation lifted a force majeure on its oil exports that had been in place for six months, allowing the Opec producer to resume shipments. The North African producer declared a force majeure – an unforeseen set of circumstances preventing it from fulfilling a contract – in January. Libya will load its first crude oil shipment from the Es Sider oil port, the NOC said. The lifting of the six-month force majeure comes amid calls for a ceasefire in Libya. Fighting between various factions within Libya led to the closure of several oil facilities to avoid further damage.


Source: The North Africa Journal July 11, 2020 09:56 UTC



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