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Libya’s state oil firm slaps force majeure on oil ports blockaded by pro-Haftar loyalists

The Libyan National Oil Corporation (NOC) has declared force majeure in Brega, Ras Lanuf, Hariga, Zueitina and Sidra oil ports after the pro-Khalifa Haftar forces have blockaded oil exports.

The NOC said in a statement on Saturday afternoon that pro-Haftar Petroleum Facilities Guard of the Central and Eastern Regions had instructed the managements of Sirte Oil Company, Harouge Oil Operations, Waha Oil Company, Zueitina Oil Company and Arab Gulf Oil Company (AGOCO), subsidiaries of the National Oil Corporation, to stop oil exports from Brega, Ras Lanuf, Hariga, Zueitina, and Sidra ports.

It added that the blockade instructions were given by Naji Al-Maghrabi, the commander of PFG appointed by Haftar, and Ali Al-Jilani from Haftar’s Sirte Operations Room.

“This will result in a loss of crude oil production of 800,000 b/d and daily financial losses of approximately $55 million per day.” The NOC remarked.

Loyalists to Khalifa Haftar closed on Friday Zueitina oil terminal and threatened to blockade oil exports at all oil terminals in the country.

UNSMIL has expressed deep concern over the current efforts to disrupt or impair oil production in Libya.

UNSMIL added that the shutdown will also have terrible knock-on effects for the country’s already deteriorated economic and financial situation.

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