Libya’s NOC has lifted force majeure on Zueitina oil port

A general view taken on April 9, 2014 shows the entrace to the oil terminal of Zueitina after rebels in eastern Libya ceded control of both Zueitina and Marsa al-Heriga oil ports, in the first handover under a weekend deal to end a crippling nine-month blocakde, the army said. The rebels' seizure of four eastern oil terminals last July in pursuit of their campaign for restored autonomy for the eastern Cyrenaica region slashed exports from 1.5 million barrels per day to just 250,000 bpd. AFP PHOTO / ABDULLAH DOMA (Photo credit should read ABDULLAH DOMA/AFP/Getty Images)

The Libyan National Oil Corporation (NOC) has announced the lifting of force majeure on Zueitina oil port, after the Friday agreement to reopen oil ports and fields, which the NOC has deemed secure and void of foreign fighters.

NOC said in a statement on Tuesday that as of September 22, the operator of the Zueitina Oil Company would be ready to initiate production arrangements.

“During the past two days, we conducted a security assessment of Zueitina port and Zueitina Oil Company’s fields. The assessment was positive and it concluded that there is a significant improvement in the security situation that allows the National Oil Corporation (NOC) to resume production and exports to global markets.” NOC said.

It is worth noting that Zueitina Oil Company is the main supplier of LPG and also an important source for the coastline system, which enables the rest of the operators to supply the North Benghazi and Zueitina power plants with gas that alleviates the suffering of the people in the greater city of Benghazi and its suburbs and provides clean and regular natural gas, according to a statement by the NOC.

The NOC added that the ports of Hariga, Brega, and Zueitina are therefore classified as safe ports, saying the remaining oil fields and ports are being evaluated according to the safety and security standards in force in the national oil sector.


More Posts

Send Us A Message