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 after repeated drone attacks damaged critical infrastructure, including a storage tank and an oil blending facility. The terminal, which handles crude from Sharara, Libya’s largest oil field, has a daily capacity of 120,000 barrels, while Sharara can produce up to 300,000 barrels per day. The attacks could worsen local fuel shortages and temporarily constrain Libyan export flows, adding supply-risk support to global oil prices. Despite the disruption, the NOC still aims to lift national output from 1.4 million bpd to 2 million bpd by the early 2030s, helped by a recent $2 billion budget allocation and renewed investment plans with oil majors.