KONTAN.CO.ID - CAIRO. The closure of three Libyan oilfields could lead to the declaration of force majeure, the oil ministry said late on Friday, a day after the fields were shut in protest against the abduction of a former finance minister. A ministry statement called on all parties not to let their disputes affect energy production and exports. Such closures could severely affect the north African country’s vital oil sector, including marketing and demand, and undermine the ministry's efforts to stabilise crude production, the ministry said.
Libya Oilfields' Closure Could Lead to Force Majeure
KONTAN.CO.ID - CAIRO. The closure of three Libyan oilfields could lead to the declaration of force majeure, the oil ministry said late on Friday, a day after the fields were shut in protest against the abduction of a former finance minister. A ministry statement called on all parties not to let their disputes affect energy production and exports. Such closures could severely affect the north African country’s vital oil sector, including marketing and demand, and undermine the ministry's efforts to stabilise crude production, the ministry said.