Petroleum Africa
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Wednesday, July 8, 2020
Libya’s National Oil Corporation (NOC) has called on all Libyan parties to support the corporation and allow a tanker on standby at Es Sider oil port to start loading crude oil from storage. NOC also demands that foreign mercenaries and armed groups leave Es Sider port immediately.
As part of the ongoing Berlin Process, the Economic Working Group on Libya met yesterday, and reiterated its full support for the NOC in lifting force majeure on oil exports nationwide.
There is an urgent need to restart the production as soon as possible to stop the damage to Libyan oil infrastructure and to protect the NOC’s vital assets from further deterioration and collapse.
NOC (59.18%), Total (16.33%), ConocoPhillips (16.33%) and Hess (8.16%) jointly own the Waha concession, which is responsible for management of the port.
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