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NOC: losses exceed 1 billion USD

Yesterday, Libya’s state National Oil Corporation confirmed a drop in production to the current level of 183,256 barrels per day, with losses exceeding 1 billion USD at 1,325,058,881 USD.

NOC stressed that storage facilities in Tripoli and some surrounding areas, as well as in Southern regions, are still facing some supply shortages due to the security situation .

It is worth noting that daily production was about 1,220,000 barrels per day before the declaration of force majeure on January 18, 2020.

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