Libya's Oil Fields Under Threat: Force Majeure Looms

The eastern-based government of Libya may impose a force majeure on its oil fields and ports due to repeated attacks on the national oil corporation. Additionally, it considers relocating the corporation's headquarters to a safer location to ensure its operational safety.

Libya's eastern-based government announced potential plans to declare a force majeure on its oil fields and ports. This development comes amid ongoing assaults on the national oil corporation.

The repeated attacks have raised concerns over the safety of the corporation's infrastructure and personnel, prompting government officials to consider drastic measures.

As part of ensuring the corporation's continuous and secure operations, the government is evaluating the possibility of moving the headquarters to a city deemed to be safer.

(With inputs from agencies.)