By Sami Zaptia.
London, 8 July 2020:
Libya’s state National Oil Corporation (NOC) said today that it is ready to lift force majeure at its Es Sider oil port, allowing a tanker to load crude from storage.
It called on all Libyan parties to support the it and allow a tanker on standby at Es Sider oil port to start loading crude oil from storage.
It will be recalled that Libya’s oil production and exports have been blockaded since January costing the country the loss of US$ 6.5 bn in potential revenue.
The NOC also demanded that foreign mercenaries and armed groups leave Es Sider port immediately.
It remined that ss part of the ongoing Berlin Process, the Economic Working Group on Libya met yesterday, and reiterated its full support for the NOC in lifting force majeure on oil exports nationwide.
The NOC said that 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.
The Es Sider oil port is managed by the Waha concession which the NOC (59.18%), Total (16.33%), ConocoPhillips (16.33%) and Hess (8.16%) jointly own.
Economic Working Group of the International Follow-up Committee on Libya meet