In Libya, the National Petroleum Company declared a state of force majeure following an interruption in production and exports at one of the most important oil terminals in the eastern country. This time it is not the consequence of furious battles or strikes, but the lack of budget that upsets the insurgents of the oil sites.
Libya’s national budget to be voted on was rejected on Tuesday by the House of Representatives, the same chamber that gave confidence in the new government of national unity last month. He now has ten days to review his copy and propose a new budget.
This only exacerbates the already long-running battle between the president of the national oil company Moustafa Sanallah and the governor of the central bank Sediq al-Kabir, who has been holding the handbags for several months. The head of the oil company especially complains that it has received only 2% of the needs for its structure, no matter how extensive it is, this year. In Hariga one of its branches cries out for famine; can not get spare parts.
Determine force majeure, this allows National Petroleum Company (NOC) to relinquish its legal responsibility to its customers, but this dampens hopes of a massive resumption of production.
While waiting for the political negotiations to be resolved and lead to a budget, the head of the NOC strikes at the “majors” of oil. On Wednesday, he met in particular the CEO of Total in Tripoli. Patrick Pouyanné visited Libya to ensure the smooth running of a contract signed in 2019 and promised to help with the maintenance and development of the places where he is located in Libya.
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