The declaration of "force majeure" on exports from an oil port in western Libya



[ad_1]

The Libyan National Oil Corporation announced Tuesday the status of "force majeure" on exports from the oil port of Zawya in the west of the country.

The Foundation said in a statement obtained by AFP that she had been announced She explained that this action "occurred after the decline in the level of production in the area of ​​spark because of the recent attack and the kidnapping of four employees of the company Akacos, Later. "

National Oil Corporation Chairman Mustafa Al-Sbad said" Staff safety is always our first priority, and after this incident, we made the decision to evacuate and evacuate workers at several production stations. "

The Foundation continued to claim that it" was evacuating and shutting down the B-115-ER-186 which led to a decline in the level of production on the 125 000 barrels per day, sufficient to meet the needs of the Zawia refinery, but not allowing the availability of surplus for export. "

Current production will be diverted from the field of sparks to the Zawya refinery."

And the protection of the law provided to the institution to meet the obligations and legal liability resulting from the Failure to perform oil contracts due to events beyond the control of the parties to the contract.

Unknown incidents abducted last Saturday four employees (3 Libyans and Roma)

The spark field is one of the largest oil fields in Libya and produced 270,000 barrels a day

The Acacus company is a joint venture between the two countries, National Oil Corporation and Total and Repsol Group Statoil and "or. Mother

Libyan oil fields and ports are frequently closed by trade union demonstrations or attacks.

Libya has the largest oil reserves in Africa and produced about 1.5 million bpd before the overthrow of Moamer Kadhafi's regime in 2011.

[ad_2]
Source link