Libya’s NOC shuts down Zueitina oil port and warns of more closures – The National

Libya’s NOC shuts down Zueitina oil port and warns of more closures – The National

Libya’s National Oil Corporation (NOC) shut down its Zueitina oil port in the North East of the country on Monday and warned of “the start of a painful wave of closures” amid the ongoing political turmoil in the country.

The company declared force majeure on exports from the Zueitina port after a group of individuals entered the facility and prevented employees from working, the NOC said in a statement on its website on Monday.

Force majeure refers to an unforeseen set of circumstances preventing a party from fulfilling a contract.