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Force Majeure: Libya Oil Exports Move Explained
Feb 22nd 2011 – 2:50PM
It's in the contract. Global commodities traders are reporting disruptions of crude oil import and export activity in Libya, Reuters reports. According to the traders, Libya has declared force majeure on shipments in some ports, effectively halting some normal market activity. Force majeure (literally, superior force) is...
Background on xstrata
Xstrata plc (, ) is an Anglo-Swiss multinational mining company headquartered in Zug, Switzerland and with its registered office in London, United Kingdom.
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