Libya declares force majeure on four oil ports

LONDON: Libya's state oil company National Oil Corp (NOC) has declared force majeure on crude oil and oil product exports from their Zueitina, Marsa al Brega, Ras Lanuf and Es Sider terminals, NOC document showed on Monday

"(They) are closed due to Oil Security Guards who are on strike at these locations since the end of July 2013," the document said, "Therefore, NOC declares the Force Majeure situation at the above mentioned ports including all its facilities."

Force majeure is a legal term to cover the suspension of contractural obligations.