Terror threat/ Libya

Attacks lead Libya's state oil company to halt activity

Libya's state-run National Oil Corporation has declared itself inoperable at 11 oil fields after a series of attacks by rebels purportedly linked to the Islamic State of Iraq and the Levant (ISIL) group, and threatened to close all oil fields and ports if the country’s security situation does not improve.

The force majeure - a legal step shielding the company from liability if it cannot fulfill contracts for reasons beyond its control - was announced on Wednesday shortly after gunmen attacked the Dahra oil field near Libya's central coast.