(ANSA) TRIPOLI, APRIL 19 The National Oil Company (Noc) today announced the cessation of activities at a new oil terminal, that of Brega, a bloc that is further crippling the country’s oil industry eroded by political tensions.
The closure of operations at the Brega (East) terminal, which has a daily export capacity of 60,000 barrels, comes the day after the Zuetina (East) terminal and several oil sites were closed.
The NOC failed to meet contractual obligations and declared “a state of force majeure at the Brega oil port,” according to a statement from the company that manages the hydrocarbon sector in Libya.
The “force majeure condition” exempts the National Oil Company from liability for breaches of oil supply contracts. (HAND).
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