VOL. XXX
NO. 6
17-NOVEMBER-1986
LIBYA
Libya Declares Force Majeure on some Deliveries
MEES understands that Libya has declared force majeure on a number of itscrude oil deliveries in November and December. According to Libyan industrysources, the move is the result of Libya's efforts to adhere to its OPEC quotaof 990,000 b/d over the year, since it has over-produced in earlier months,averaging approximately 1.1mn b/d. Independent sources suggest, however, thatthe step may be due either to...
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