TRIPOLI, Libya (Bloomberg) -- Libya, the holder of Africa’s largest crude reserves, halted exports from two of its biggest oil ports as rival forces battled to control the nation’s main revenue source. National Oil Corp, the state-run oil company, declared force majeure at Es Sider and Ras Lanuf, Libya’s largest and third-largest oil ports, with a combined capacity of 560,000 bpd. Force majeure is a legal status that protects a company from liability when it can’t fulfill a contract for reasons beyond its control.
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