Libya Oilfields' Closure Could Lead To Force Majeure: Statement
Date
7/15/2023 3:06:58 PM
(MENAFN- AzerNews) The closure of three Libyan oilfields could lead to the
declaration of force majeure, the oil ministry said late on Friday,
a day after the fields were shut in protest against the abduction
of a former finance minister, Azernews reports, citing Al
Arabiya.
A ministry statement called on all parties not to let their
disputes affect energy production and exports.
Such closures could severely affect the north African country's
vital oil sector, including marketing and demand, and undermine the
ministry's efforts to stabilize crude production, the ministry
said.
Production at the El Feel, Sharara and 108 oilfields was shut on
Thursday in a protest by the al-Zawi tribe against the abduction of
Faraj Bumatari, according to a tribal leader.
The Sharara field is one of Libya's largest production areas,
with capacity of 300,000 barrels per day. It has been a frequent
target of political strife.
Zawi tribe leader Al-Senussi al-Ahlaiq told Reuters that the
closure of El Feel was aimed at pressuring the authorities in
Tripoli to release Bumatari, who was kidnapped after arriving at
Mitiga airport on Tuesday.
Bumatari is a candidate for central bank governor, which“makes
him vulnerable to danger and kidnapping,” the tribe said in a
statement.
---
MENAFN15072023000195011045ID1106607583
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.