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The National Oil Corporation of Libya warned of the possibility of declaring a force majeure situation following an illegal closure of the main oil pipeline valve between the Hamada fields and Zawiya, which led to the stoppage of production in three major oil fields. It confirmed that prolonged closure could threaten the country's revenues and its ability to meet financial commitments, including salaries, especially with Libya's plans to increase natural gas production to 4 billion cubic feet per day within the next five years—a scale of investment that requires $17-18 billion. The Corporation called on official authorities to intervene to resolve the crisis, warning of negative impacts on the national economy and Libya’s reputation as a stable energy supplier.
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