Libya Extends Force Majeure Measures

Libya’s NOC has announced force majeure at the terminals of Asidra and Ras Lanuf, in addition to the Al-Feel field with the continuation of the state of force majeure on the terminals of Brega and Zueitina according to a statement on its Facebook page.

• The statement said, “We are making it clear to the Libyan people and the executive and legislative authorities in the country that the losses resulting from the closures have exceeded sixteen billion Libyan dinars (16 billion Libyan dinars) to date, and production has decreased and declined sharply, as daily exports have ranged from 365 to 409 thousand barrels per day, a decrease of 865,000 barrels per day from normal production rates under normal circumstances, in addition to the loss of 90 million cubic feet per day of Fareg field's gas, and about 130 million cubic feet per day of natural gas for the Abu-Attifel field.”