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DMEA PIPELINES & TRANSPORT DMEA

NOC lifts force majeure on

Libya’s main oil terminals

AFRICA LIBYA’S state-owned National Oil Corp. (NOC) Fighting tribal groups and militias have shut
decided on July 13 to lift force majeure on two down much of the country’s oil facilities in
main oil terminals which have been closed since southern and central parts of the country to exert
mid-April this year, according to a statement by pressure on the Tripoli-based government of PM
the outgoing NOC head, Mustafa Sanalla. Abdul Hamid Dbeibeh to hand over power to
Zueitina and Brega terminals were opened the newly parliament-appointed government of
to allow a tanker to carry condensate for use in Fathi Bashagha.
power generation in Libya’s eastern region. On July 12, the Tripoli-based government of
Sanalla said talks have been taking place to PM Abdul Hamid Dbeibeh appointed Farhat
allow oil production for two Libyan subsidiary Omar Bengdara as NOC chairman, replacing
companies managed by Waha Oil and Mellitah Sanalla.
Oil and Gas. Libya’s crude oil production has dropped to
He reassured international oil markets about 650,000 barrels per day (bpd) in June 2022, its
NOC’s resolve to maintain its oil supply, pointing lowest level since October 2020, due to the clo-
that companies had been instructed to boost oil sure of most of the country’s oilfields and ports.
and gas output gradually. Before the closure, Libya used to produce
Libya has suffered from persistent closures 1.2mn bpd. The NOC said last week recent oil-
of oil production and exporting facilities. The field closures had resulted in nearly $3.5bn in
closures are mainly due to political disputes. losses.™

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