Libya declares force majeure at 11 oil fields

Threat to close ports due to Islamists.

Libya declares force majeure at 11 oil fields

Libya’s National Oil Co declared force majeure Wednesday at 11 oil fields after attacks by Islamists, a legal step protecting it from liability if it cannot fullfil contracts for reasons beyond its control.

And the company threatened to “close all fields and ports” if the security situation does not improve.

Islamist militants seized Al-Bahi and Al-Mabrouk fields on Tuesday and were heading for a third one, at Al-Dahra, said a spokesman for the Libyan oil industry’s security service.

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Source: english.alarabiya.net

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