Libya’s National Oil Corporation (NOC) could declare force majeure on oil exports from several key export terminals in the Gulf of Sirte amid continued blockades and closures of oil-producing and export infrastructure, the corporation said on Monday as Libya’s political crisis continues. NOC is currently considering declaring force majeure within the next 72 hours unless production and shipment of oil resume in the Gulf of Sirte, Libya’s state-owned oil company said in a statement.
The Gulf of Sirte hosts the oil export terminals…Libya May Declare Force Majeure On Oil Exports From Several Ports
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