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NOC: losses exceeding 2 billion USD

Today, Libya’s National Oil Corporation stated that the production, transportation and supply of oil and gas continues to be severely reduced due to the ongoing security situation across Libya.

The Corporation also confirmed that there has been a drop in production as a result of the blockade of ports and pipelines, adding that the current level of production is 122,430 barrels per day, as of Sunday February 23, 2020.

Moreover, forced restriction of production has resulted in financial losses exceeding 2 billion USD at 2,101,739,911 USD since January 24, 2020.


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