Force majeure regime lifted at fields and ports of Libya

Libyan company National Oil Corp. (NOC) announced the lifting of the force majeure regime announced a few months ago due to the cessation of oil exports by the Libyan National Army (LNA), Oilcapital reports.

“The emergency regime is being removed at safe fields and ports. The orders were communicated to all working organizations, as well as to administrations associated with state oil structures. They should take up their direct responsibilities and start mining and exporting,” the press release says.

But the preservation of the emergency regime will continue in the fields, where the presence of any armed formations has been confirmed, which may interfere with the work of the national oil company.

NOC's management has emphasized that the safety of its field staff is a priority. At the same time, the corporation urged not to politicize the work of the organization, whose tasks include solving technical problems related exclusively to oil.

Since January, most of Libya's oil fields and ports have been closed due to the blockage of oil facilities amid hostilities.

However, at the end of August, LNA commander Marshal Khalifa Haftar announced the resumption of oil production and export from Libyan ports. It is likely that Haftar decided to unblock oil exports after Washington threatened to impose sanctions on him. As the publication of The Wall Street Journal wrote, the US State Department conveyed a message to the marshal.

According to the newspaper's property records, the Libyan marshal in the US state of Virginia, where Haftar "lived in exile", has property. In particular, we are talking about a ranch worth $185 thousand and housing for $364 thousand.

Haftar's possession of US citizenship, as well as alleged links with the CIA during the time of Muammar Gaddafi, according to the newspaper, makes him "vulnerable" to the introduction of US sanctions

Earlier it was reported that the work of an oil field was stopped in Libya due to Covid-19.

Tags: contracts, hydrocarbon production, legislation, USA, energy market, авиатопливо, добыча нефти, drilling, коронавирус, Oil refinery plant, sanctions, foreign affairs, export, import, negotiations, pipeline, price, agreement, oil products, well, field, gasoline, infrastructure, energy sector, quarantine, pandemic, oil pipeline, COVID-19, oil companies, crisis, economy, market, oil and gas industry, oil production, consumers, oil market

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