Libya says 11 oil fields non-operational after IS attacks
Libya's state-run oil corporation has declared 11 oil fields in the country non-operational after attacks by suspected Islamic State militants, opting for a force majeure clause that exempts the state from contractual obligations.
The National Oil Corporation blamed authorities in the Libyan-capital of Tripoli, set up by Islamist-backed militias, for failing to protect the oil fields. The statement, issued Wednesday night, says that "theft, looting, sabotage and destruction" of the oil fields have been on the rise despite pleas for the authorities to ensure safety of Libya's oil installations.
The corporation warned it could take similar action on other Libyan oil terminals and facilities, something it said would directly impact the lives of Libya's people.
"If security deteriorates, the corporation will be forced to close all fields and ports, which will result in a total deficit in state revenues and directly impact people's live, including with power outage," the statement said.
