Libya’s NOC close to halting oil exports from Gulf of Sirte, says situation is ‘very serious’

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Libya’s state-owned National Oil Corporation is on the verge of declaring force majeure on oil exports from its key eastern oil terminals as the country’s political crisis is now affecting a large chunk of the country’s oil supply. “We are considering declaring a state of force majeure within the next 72 hours unless production and shipping are resumed at the…