Yesterday, the National Oil Corporation published an official notice trhat summarises the situation across Libya for the oil and gas sector.
NOC stated that Oil and gas production in Libya have been consistently down. Hence, the current levels of production are 97,508 barrels a day, as of Wednesday March 11, 2020.
Forced restriction of production has resulted in financial losses exceeding 3,086,823,264 USD since January 17, 2020.
NOC stressed that it is concerned 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 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 reserves and reduce their expenses as well,” NOC added.
