Oil exports suspended from Libya oil terminal
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TRIPOLI] Libya's National Oil Corp announced on Thursday it had imposed a state of "force majeure" on one of the country's main oil terminals after exports from it had been suspended.
The measure clears the NOC of liability for failure to honour contracts.
The Tripoli-based company said on its website the decision was taken because oil facility guards at Zueitina had halted exports and that force majeure was in effect since Tuesday.
The guards took the action to prevent exports on behalf of the NOC based in the capital, according to the Lana news agency loyal to Libya's internationally recognised government.
Since July 2014, the country has had two rival adminstrations - the recognised government based in the eastern city of Tobruk, and its rival in Tripoli.
At the same time, there are rival NOCs, which compete for contracts with foreign clients.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
AFP
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
