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Home » Libya Oil Corporation declare force majeure due to attacks on crude pumping valves

Libya Oil Corporation declare force majeure due to attacks on crude pumping valves

Sunday, March 6, 2022 Business 2 Mins Read
Suspension of NOC chief remains in force, says oil ministry
The Libyan National Oil Corporation (NOC) has revealed that closure of crude pumping valves from the El Sharara and El Feel fields caused loss of 330 thousand barrels per day and 160 million Libyan dinars (over $30 million).

NOC Chairman, Mustafa Sanalla, said: “We have been assured that a group of suspicious gangs led by the so-called Muhammad Al-Bashir Al-Qarj closed the crude pumping valves.”

Sanalla added: “The implementation of our obligations towards refiners in the oil market has become impossible, and accordingly we are obliged to declare state of force majeure, in the manner applied in the oil industry.”

The Chairman wondered: “For the benefit of whom are such closures! which came after the oil price jumped to exceeded $100 per barrel. The same gang closed these valves between 2014 and 2016.”

Sanalla pointed out that these closures coincided with the price boom, and all of these indicators confirm that they have suspicious links and moved by hidden hands to drag the country into chaos.

He pointed out that a report was submitted to the Public Prosecution to take deterrent and accurate measures to reveal the planners, implementers and beneficiaries of this defective act.

He stressed that the next steps must be firm and governed by criminal legal standard, and they must be criminally prosecuted by the Public Prosecution.

Libya oil Mustafa Sanalla NOC
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