Today, the National Oil Corporation announced that total losses from the closure of Libya’s major oil fields and production facilities accelerated, reaching more than 502 million dollars over a 10-day period.

It also added that “The total value of losses reached $502,289,339,” the average daily loss at $50.2 million.

The corporation clarified that oil production dropped from over 1.2 million barrels a day before the seizures to 271,204 barrels on Monday.

Seeking to reassure Libyans, the corporation claimed that fuel levels in the country’s central and eastern regions “remain sufficient.”

However, the western and southern regions faced “some supply shortage due to the deteriorating security situation”.