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

Drone Attack Damages Fuel Tank at Oman’s Duqm Port

America’s Maritime Action Plan Creates Opportunity for St. Louis Region

Norwegian Cruise Line Projects Weak Profits

Current News

Pilbara Ports Signs Ammonia Bunkering MoU

EU Unveils Ports Strategy

Insurance Broker Marsh Meets US Officials to Discuss Iran War

Exxon to Send its First Fuel Shipment from US Gulf Coast to Australia

Subscribe for Maritime Logistics Professional E‑News