oilports

The situation in the Oil crescent stay conflictual. A senior official at Libya’s National Oil Corporation (NOC) warned on Monday of a possible declaration of force majeure at the Es Sider and Ras Lanuf oil terminals, as air strikes continued and rival forces mobilised fighters in the area. Due to air strikes committed by LNA (Libyan National Army)  a large part of workers have left the industry. The effective control of the exploitation isn’t so clear. Oil is no longer being pumped to Es Sider, forcing Waha Oil Co to halt production and also affecting output by Harouge Oil Operations. In one hand the GNA (Government of National Accord) at Tripoli asks for a stabilization under the NOC, in an other hang General Haftar (LNA) has deployed in emergency 600 men to support the Petroleum Facilities Guard in the Oil Crescent. So, the situation is still not stabilize and the production decrease could have an important impact on Libyan’s economy, and maybe a global rise of oil’s price, so consequences at the international level.