“The militarization of oil facilities, the presence of mercenaries as well as the military escalation increase the risks that hydrocarbons and chemicals stored at oil ports pose to workers and local population,” the NOC said in a statement.
“This will also result in the loss of sales opportunities estimated at hundreds of billions of dollars that other oil-producing countries will benefit from. Furthermore, tens of billions will be needed for reconstruction at a time when budgets available are limited.” The NOC added.
The Libyan National Oil Corporation has also warned of the threats posed by oil blockades and the presence of mercenaries as well as the effects of the militarization of oil facilities on workers and local population safety, saying this may lead to a disaster that is more severe than Beirut’s port and a massive destruction that will cause Libya to be out of the oil market for so many years.