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NOC: oil blockade causes losses close to 4 billion USD

The forced and illegal restriction of oil and gas production has resulted in financial losses exceeding 3,957,326,455 USD since January 17, 2020. This means the Libyan economy and the nation’s financial reserves are getting weaker every day due to the blockade.

Total oil production inside Libya is down to 89,933 barrels a day, as of April 5, 2020.

The National Oil Corporation stated that many of its facilities were illegally shut-down on 17 January 2020. This resulted in the shutdown of Zawiya refinery, and since then it has had to increase its imports of fuels to meet people’s basic needs.

In a statement published on Facebok, NOC called on all parties within Libya to lift the blockade and re-start oil and gas production, so every Libyan can benefit from a stronger economy and a more steady supply of fuels.

NOC added that it provides fuels to people in Eastern regions via different ports across the coastline, stressing that Tripoli stations are being provided from its port directly and other cities receive their fuel from the ports in the western region.


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