The National Oil Corporation (NOC), Libya’s state-owned oil company, declared on Thursday force majeure in Sidra, Ras Lanuf and El-Feel oilfields due to shutdowns which caused $3 billion loss (16 billion Libyan dinars).
The National Oil Corporation has cautioned that it could resort to declaring a state of force majeure unless production and shipping were resumed at the oil ports in the Gulf of Sirte.
Libya’s parliament is set to vote on Wednesday to approve a budget for the government it appointed in March despite the incumbent administration refusing to step down, a move that may accelerate a return to parallel rule.
Libya’s parliament, the House of Representatives (HoR) is to hold an official session next Tuesday 14 June in the city of Sirte.
The Libyan government, headed by Fathi Bashagha, started its work Tuesday from its headquarters in the city of Sirte.
Libya’s parliament, the House of Representatives (HoR), has called for another meeting in the city of Sirte. The meeting will be held on Tuesday 7 June.
The Head of the High Council of State, Khalid Al-Mishri, said any way out of the current crisis must go through the correct channels in order to be immune to appeal, adding that the political impasse is caused by fundamental and real issues among the parties.
A number of heads of state sovereign institutions have skipped attendance of the House of Representatives (HoR) meeting in Sirte which was called for by Speaker Aqila Saleh to discuss Fathi Bashagha government’s budget.
Libyan House of Representatives (HoR) spokesman Abdulla Bleihiq said Tuesday that the Sirte meeting discussed the draft budget and its amendment before deciding on it by HoR in the coming days.
House of Representatives (HoR) Speaker Ageela Saleh has called for an unofficial session to be held in the city of Sirte next Tuesday 31 May.