OPEC’s Libya Edges Closer to Reopening Battered Oil Sector - Bloomberg:
Libya moved closer to reopening its battered oil industry after the state energy firm said it would resume exports, though only from fields and ports that are free of foreign mercenaries and other fighters.
The National Oil Corp. is ending force majeure -- a legal status protecting a party if it can’t fulfill a contract for reasons beyond its control -- at “secure” facilities and has told companies to resume production. The shutdown would continue elsewhere until militias leave, the NOC said in a statement Saturday.
Some firms that use or operate the OPEC member’s eastern ports announced they were restarting work. They included Arabian Gulf Oil Co., which can produce almost 300,000 barrels a day and exports them from Hariga port, and Sirte Oil & Gas Production and Processing Co., which runs the Brega terminal.
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