The Libyan National Oil Company (NOC) has suffered losses of over $3.5 billion because of the forced closure of major oil sites since mid-April.
Management of the company announced on Thursday declaring a state of “force majeure” at some facilities.
“After the expiry of the 72 hours and the loss of more than 16 billion Libyan dinars, the NOC has decided to declare a state of force majeure” on the facilities in the Gulf of Sirte (north),…
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