Last updateMer, 28 Jan 2015 10am

Security: Force majeure declared in al-Harriga oil port

Oil terminal Libya - Libya's National Oil Company (NOC) on Saturday announced that it had declared a force majeure in al-Harriga oil terminal in the East of the country, a week after a North Korean-flagged tanker illegally loaded a shipment of oil there.

The NOC said the declaration became effective from Friday, but did not give further details.

In October, the NOC lifted the force majeure in the 110,000-barrels-per-day oil terminal of al-Harriga, which had been imposed in August following the closure of oil terminals by militia groups, leading to the inability of the company to honour its oil delivery commitment

Militia groups and protesters have, since the fall of the Kaddafi regime in 2011, regularly disrupted Libya's oil production and export, with production now below 250,000 barrels/day.

In 2012, oil production in Libya, Africa’s fourth oil producer (1.6 million barrels) before the revolution in 2011, returned to 1.5 million bpd before dropping again after the closing of the oil terminals in the east of the country by armed separatist groups.

Last Wednesday, Nouri Abushamein, chairman of Libya's General National Congress (GNC-Parliament), the country’s highest parliamentary and political authority, set up a military task force to lift the blockade of the oil terminals in the eastern part of the country.

Pana 17/03/2014