LIBYA: NOC Ready To Lift Force Majeure At Es Sider Oil Port

Libya’s National Oil Corporation (NOC) has said it is ready to lift the force majeure at Es Sider Oil Port allowing for the resumption of operations to resume. In a statement the National Oil Corporation called on all Libyan parties to support the corporation and allow a tanker on standby at Es Sider oil port to start loading crude oil from storage. Again NOC demanded that foreign mercenaries and armed groups leave Es Sider port immediately as well as other ports in the country.

NOC adds that as part of the ongoing Berlin Process, the Economic Working Group on Libya met and reiterated its full support for the NOC in lifting force majeure on oil exports nationwide.

“There is an urgent need to restart the production as soon as possible to stop the damage to Libyan oil infrastructure and to protect the NOC’s vital assets from further deterioration and collapse,” read the statement.

NOC (59.18%), Total (16.33%), ConocoPhillips (16.33%) and Hess (8.16%) jointly own the Waha concession, which is responsible for management of the port.