Libya's NOC Declares Force Majeure at Brega Oil Port

Tuesday, April 19, 2022

Libya's National Oil Corporation (NOC) declared force majeure at the Brega oil port on Tuesday, saying it was unable to fulfil its commitments towards the oil market.

"At a time when oil prices are witnessing a significant recovery due to the increase in global demand... Libyan crude is subjected to a wave of illegal closures," the state-owned company said in a statement.


(Reuters - Reporting by Ahmed ElumamiWriting by Ahmad ElhamyEditing by Louise Heavens)

Categories: Tankers Ports Oil

Related Stories

New Zealand, US to Fund Cook Islands Port Upgrade

Hormuz Crisis Accelerates Gulf Pipeline and Port Expansion

Decrepit Port Infrastructure has Vessels Stacked Off Venezuela

Current News

Russian Oil Freight Rates to India Remain High

EU Wheat Falls Further As Market Awaits Black Sea Diplomacy

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Baltic Index Hits Almost Five-Year High

Subscribe for Maritime Logistics Professional E‑News