Libya Halts Biggest Oil Field Loadings in Latest Disruption
- Sharara oil field experienced brief disruptions this year
- OPEC nation’s crude oil output was at four-year-high in July
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Libya halted loadings from its biggest oil field in the latest disruption to the OPEC nation’s crude production and shipments.
Force majeure was declared since Saturday on shipments from Sharara, made through the Zawiya export terminal, state-run National Oil Corp. Chairman Mustafa Sanalla said Monday by phone. Force majeure is a legal status protecting a party from liability if it can’t fulfill a contract for reasons beyond its control.