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Libya NOC raises force majeure in Hariga port after accessing government funds

Apr 26 (Reuters) – Libya’s National Oil Corporation (NOC) reported the lifting of force majeure at Hariga port on Monday after settling a dispute over its budget with the new Government of National Unity.

NOC’s Arabian Gulf Oil Company (AGOCO) unit, which Hariga manages, said this month it was suspending production because it had not received any state funding since September.

NOC said the government would allocate 1 billion dinars ($ 225 million) as part of a deal to end the force majeure it had declared on exports through Hariga.

(Reporting by Angus McDowall; Edited in Spanish by Javier Leira)

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