¬†Libya’s National Oil Corporation has declared force majeure on crude exports out of Marsa el-Hariga terminal as production from its key eastern fields is set to fall due to a budget row, it said late on April 19. Receive daily email alerts, subscriber notes & personalize your experience. Register Now This comes after NOC subsidiary Arabian Gulf Oil Co., or Agoco, had halted output at some of its fields due to the government’s failure to send federal funds since September for operations. This had forced Agoco to reduce its output as it was unable to “fulfill its financial and technical obligations” and it could be forced to reduce its crude output by 280,000 b/d, NOC added. The state-owned company said this was “a […]