Yesterday, Libya’s National Oil Corporation published an official notice that summarises the situation across Libya for the oil and gas sector.
Oil and gas production in Libya have been consistently down as a result of the illegal blockade of oil facilities. The current levels of production are 114,331 barrels per day, as of Sunday March 8, 2020.
Forced restriction of production has resulted in financial losses exceeding $2,932,005,883 USD since January 17, 2020.
NOC stressed that it continues to supply hydrocarbons to all regions in sufficient quantities to meet the transport and domestic needs of citizens. However, some fuel storage levels are running low and next week some areas are at risk of shortages.
NOC added that it is concerned about a likely fuel shortage in the coming days after the forced reduction of local production.
