Tag Archives | force majeure

Force Majeure Lifted on Sharara Loading from Zawiya Port

By John Lee. The National Oil Corporation (NOC) has lifted the force majeure on Sharara crude oil loading from Zawiya port (pictured), following the opening of a closed valve on the pipeline connecting the Sharara oilfield to the Zawiya terminal. Valve 13 was reopened on Sunday evening, July 21, 2019, at 8:20 pm. The valve […]

NOC lifts Force Majeure at Sharara Oilfield

The National Oil Corporation (NOC) announces the lifting of force majeure at the Sharara oil field following the removal of the armed group responsible for its blockade and production loss of 1.8 billion USD. Sharara operating company Akakus has received written assurance from the Libyan National Army’s Brigadier General Al Rifi Kennah Ahmed Ali, Commander […]

Force Majeure at Libya’s Largest Field

The National Oil Corporation (NOC) declared a state of force majeure at the Akakus-operated Sharara oil field as of Sunday, December 9, 2018. NOC prioritizes the safety of staff and is currently reviewing evacuation procedures following threats to their wellbeing, and the forced shutdown of the oilfield by the armed militia claiming attachment to the […]

Libya wins Compensation Lawsuit filed by Turkish Firm

By John Lee. Libya has reportedly won an international lawsuit against Turkey’s TAV Airports Holding Company, which had been demanding compensation of 80 million euros (93 million U.S. dollars) for alleged violation of legal obligations following the suspension of construction at Sabha International Airport in southern Libya. According to Xinhua, the International Chamber of Commerce […]

NOC declares Force Majeure at Zawiya Oil Port

The National Oil Corporation (NOC) has declared force majeure on crude oil loadings at Zawiya port; commencing on Monday 16 July, 2018. This is a result of reduced production at Sharara following the recent attack and kidnap of four Akakus company employees (two were subsequently released). NOC has shut down and evacuated stations 186, 115B […]

NOC lifts Force Majeure at El-Feel

The National Oil Corporation (NOC) has announced the lifting of force majeure at El-Feel (El Fil, Elephant) field, that has existed since February 23 2018. The dispute caused by the local Petroleum Facilities Guards’ (PFG) demands regarding pay and benefits was brought to an end, and pumping at the field is expected to resume to […]

Libya announces Reopening of Oil Terminals

The National Oil Corporation (NOC) has announced the lifting of force majeure at the ports of Ras Lanuf, Es Sider, Hariga (pictured) and Zuetina after the facilities were handed over to the corporation this morning, July 11, 2018. In a statement, the NOC said: “Production and export operations will return to normal levels within the […]

NOC Declares Force Majeure at 2 more Terminals

The National Oil Corporation (NOC) has declared force majeure on crude oil loadings at Hariga (pictured) and Zuetina oil terminals at 1100 on Monday 2 July, 2018. This suspension of obligations is in addition to the state of force majeure at the Ras Lanuf and Es Sider terminals. Despite warning from NOC of the consequences […]