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Libya oil blockade surpasses USD 4 bln in losses

At this difficult time for Libya, the National Oil Corporation claimed that it is doing all it can to get fuel in sufficient quantities to all parts of the country.

In a statement, NOC stated that total oil production inside Libya is down to 80,510 barrels a day, as of Monday April 13, 2020.

The forced restriction of oil and gas production has caused financial losses exceeding $4,087,913,653 since January 17, 2020.

It should noted that many NOC facilities were illegally shut down on 17 January 2020. This resulted in the shutdown of Zawiya refinery, and since then, NOC has had to increase imports to meet people’s basic needs. Most oil and gas storage tanks are damaged and cannot be used.

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