Yesterday, the National Oil Corporation published an official notice that summarises the situation across Libya for the oil and gas sector.
NOC expressed its deep concern about a likely fuel shortage in the near future after the forced reduction of local production, the Zawiya refinery shut down and the lack of government funding to import sufficient fuel to serve the basic needs of Libyans. “All this is a result of the illegal blockade of oil facilities”, NOC stated.
It also called on those responsible for the closure to immediately lift the imposed blockade and spare oil sector workers and citizens from more suffering.
“We call on the rest of the state’s bodies to maintain the remaining financial reserves and reduce their expenses as well.” NOC said.
Oil and gas production in Libya have been consistently down. The current levels of production are 91,108 barrels a day, as of Sunday March 15, 2020. Forced restriction of production has resulted in financial losses exceeding 3,276,183,429 USD since January 17, 2020.
Quoting NOC, Tripoli storage depots and some of the surrounding areas and Southern regions are suffering from a lack of supplies due to the deteriorating security conditions. The city of Tripoli is supplied with hydrocarbons directly from the Tripoli port.
