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Libya may declare force majeure after drones hit Zawiya oil hub

The Zawiya terminal can handle 120,000 barrels per day, and one struck tank held 4.5 million liters of gasoline, raising the risk of a local fuel shortage.

Reported · Written up by our desk · Energy

Libya’s National Oil Corporation is considering a force majeure declaration for exports from the Zawiya oil terminal after drone attacks damaged key facilities, OilPrice reported. The Zawiya terminal has a daily capacity of 120,000 barrels and is supplied by the Sharara oil field, which can produce up to 300,000 barrels daily. According to the report, a drone strike destroyed a storage tank with 4.5 million liters of gasoline inside, and another drone targeted an oil blending facility, which could make a local fuel shortage more severe.

The attacks mark the third drone incident at the Zawiya oil terminal over the past few days. Over the weekend, a drone crashed into a naphtha tank at the Zawiya refinery and caused a leak that was contained, the outlet said.

The report added that Libya’s oil infrastructure has been a frequent target for pressure tied to groups seeking political control. Despite the continued attacks, the National Oil Corporation is still aiming to raise oil production from about 1.4 million barrels per day to 2 million barrels per day by the early 2030s, following receipt of roughly $2 billion from the latest Libyan budget, according to OilPrice.

Latest closeGasoline (RBOB) $2.868 ▼3.9%

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