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Libya Declares Force Majeure as Haftar Blocks Oil Exports
Libya’s National Oil Corp. declared force majeure for oil exports from five ports in territory controlled by eastern commander Khalifa Haftar, saying blockades by his forces will cut national oil output by more than half. The show of force comes as Haftar prepares to attend an international conference in Berlin hosted by German Chancellor Angela Merkel where the general will face pressure to agree to a cease-fire in the country’s civil war. Haftar, whose troops have surrounded the capital city of Tripoli, has so far refused efforts to end his offensive and agree to a compromise. The export blockage will cause the ... (full story)
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