Oil: Libya, NOC orders resumption of production Hariga site

Revokes force majeure and resumes exports

26 April, 17:54

    (ANSAmed) - TUNIS, APRIL 26 - Libya's National Oil Corporation (NOC) has announced the immediate suspension of the force majeure at the port of Marsa al Hariga, also ordering to managing companies to resume production and exports, according to a statement released by NOC after an emergency meeting of the president of the company, Mustafa Sanallah, with representatives of the Arab Gulf Oil Companies, Sirte and Ras Lanuf, in Benghazi. According to NOC, the meeting chaired by Rifaat Al Abbar, the undersecretary of the ministry of oil and gas, focused on the challenges faced by companies. The sides agreed to issue a joint declaration concerning debt accumulated by the oil sector's companies, in preparation to pay their rates within the next 60 days with priorities to be assigned to Libyan companies.

    NOC's statement added that a specialized company with a good reputation and a high credit rating will be chosen to evaluate the structure's sector, including surfaces, wells and tanks, with the objective of developing plans to maintain integrity and maintenance of all State-owned assets, provided the evaluation will be carried out quickly.

    Last week, UNSMIL released a statement in which it stated its concern for the recent halt to oil production in Marsa al Hariga, saying that it wasn't possible to implement other imminent blockades. The uninterrupted production of oil and maintenance of the independence and impartiality of the National Oil Corporation (NOC) remain a vital milestone for the economic, social and political stability of Libya, said UNSMIL. The statement responded to complaints by the president of NOC, Mustafa Sanallah, over the failure to provide funding by the Central Bank to its various branches.(ANSAmed).

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