Declaring a force majeure allows the company to exonerate itself from its legal responsibility towards its clients.
The move also dampens hopes of a massive resumption of production.
Libya s national budget has been slowed to a vote, and was rejected on Tuesday by the House of Representatives.
The same chamber had given its confidence to the new national unity government last month.
It now has 10 days to revise and propose a new budget.
The development further compounds the long-standing feud between the national oil company chairman,Moustafa Sanallah and the Central Bank governor Sediq al-Kabir, who has been keeping a tight lid on the public purse for months.
Libya national oil company declares force majeure, halts oil production msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
three times. royal ties that have brought the singing group popularity, success and a new song dedicated to old friends getting married. soledad o brien, london, england. and, of course, there is more tonight at 8:00 eastern. we take you behind the scenes when cnn presents the women who would be queen. then this friday, april 29, the big day. tune in for the royal wedding experience or dvr it beginning at 4:00 a.m. eastern. it s going to be better if you watch it live, though. set your alarm clocks. time for a cnn equals politics update. we re keeping an eye on all the latest headlines on the cnn politics desk. after visiting libya last week, senator john mccain is calling for quick action to drive muammar gadhafi out of power. he says a stalemate could open
come to meineke now for a free code scan read and you ll say. my money. my choice. my meineke. now some of today s international headlines, there are reports of heavy shelling in misrata, libya, just hours after muammar gadhafi s forces announced they are withdrawing. he was accused of playing dirty games. there are more reports in yemen today after reports that their president has agreed to step down within 30 days. the deal was brokered by other persian gulf nations, but protestors say asala should leave right now. they also object to a provision giving sala immunity from prosecution. pope benedict celebrates easter mass at st. peter s