Closure of Sharara crude oil pipeline to Zawia port by armed group - may force NOC to declare force majeure

AI Summary

An armed group has closed Valve No. 7 on the Sharara crude oil pipeline to the Zawia port in Libya, which may force the National Oil Corporation (NOC) to declare force majeure. This disruption halts the flow of crude oil, impacting Libya's oil exports and potentially its energy sector stability.

Libya’s state National Oil Corporation (NOC) reported yesterday that an armed military group closed Valve No. 7, halting the flow of crude oil from th...