GNU lifts force majeure on oil and gas exploration

GNU lifts force majeure on oil and gas exploration

December 06, 2022 - 14:07
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Written By: SafaAlharathy

The Government of National Unity (GNU) has lifted the force majeure status for oil and gas exploration in the country.

"We declare for international companies operating in the field of oil and gas the lifting of the previously announced force majeure," the GNU said in a brief Facebook statement on Monday.

The statement indicated that the step came after an objective follow-up and assessment based on a realistic and logical analysis of the security situation, which "began to improve" and allowed excavation work in sites previously labeled as unsuitable.

The government called on the companies with which the National Oil Corporation signed oil and gas exploration and production agreements to resume their work in Libya.

The GNU also affirmed readiness to support the concerned companies to resume operations and facilitate their return by providing a safe work environment.

"Libya would continue to advance the oil sector as the country's main resource and to maintain the regular flow of oil to global markets," the government added.