Libya Oil Guard halts exports

NOC declares force majeure

Libya Oil Guard Halts Zueitina Port Exports in Politics Rift

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Libya’s Petroleum Facilities Guard halted crude shipments from Zueitina port indefinitely amid an escalating conflict between the divided country’s rival governments, putting the OPEC member’s oil exports at risk.

Zueitina will be closed until further notice, and tankers seeking to load crude there must register with the National Oil Corp. loyal to the internationally recognized government in eastern Libya, according to a Petroleum Guard spokesman Ali al-Hasy. Vessels registered with a rival NOC administration in Tripoli, seat of an Islamist-backed government in western Libya, are “illegitimate” and won’t be permitted to load at the eastern port, he said.

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Source: bloomberg.com

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