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Libya’s oil shutdown losses over US$ 4 bn

The National Oil Corporation claimed that total oil production inside Libya is down to 95,077 barrels a day, as of Tuesday 28, 2020.   

The forced restriction of oil and gas production has caused financial losses exceeding $4,348,518,033  since January 17, 2020.

As a consequence, the public treasury has incurred additional costs to cover domestic shortages of fuels by importing from external sources, which has increased the financial burden on the fuel budget.    

NOC noted that it is concerned about the present and future of the country, and stressed the need to lift the blockade on its facilities and resume oil and gas production, in order to boost the national economy. 

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