Libya Weighs Force Majeure After Drone Attacks on Zawiya Oil Hub
Libya’s National Oil Corporation may declare force majeure on exports from the Zawya oil terminal as a result of drone attacks on the facility. The Zawya terminal has a daily capacity of 120,000 barrels, sourced from the country’s largest oil field, Sharara, which can produce up to 300,000 barrels d
Source: OilPrice.com
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DW NOTE
Libya's Zawiya terminal handles 300,000 barrels per day and feeds the country's largest refinery. If the National Oil Corporation declares force majeure, that crude doesn't get redirected — Libya has no spare export capacity. With Hormuz still choked and Russia burning through missile stockpiles, the market has no room for another supply loss.