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Libya's National Oil Corporation lifts force majeure on its oil exports

According to NOC, since oil production in Libya was terminated in January and the oil ports were closed the country lost more than $6.5 billion

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Libya’s NOC declares force majeure after stoppage of port shipments

MOSCOW, July 10. /TASS/. Libya’s National Oil Corporation (NOC) has lifted force majeure on its oil exports, the company announced in a statement on Facebook.

"NOC lifts force majeure on oil exports but technical problems will keep production low," the company said.

On July 8, NOC announced that it was ready to lift force majeure at Es Sider oil port, allowing a tanker to load crude from storage.

"National Oil Corporation (NOC) calls on all Libyan parties to support the corporation and allow a tanker on standby at Es Sider oil port to start loading crude oil from storage. NOC also demands that foreign mercenaries and armed groups leave Es Sider port immediately," the company announced on Facebook.

Es Sider, along with the oil terminals of the ports of Ras Lanuf, el-Brega, el-Hariga and Zuetina, is located in the Oil Crescent zone (on the coast of the Gulf of Sirte). Earlier the NOC introduced force majeure in that zone due to the difficult internal situation in the country.

According to NOC, since oil production in Libya was terminated in January and the oil ports were closed the country lost more than $6.5 billion.

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