Libya: Oil Losses surpass $9 Bn
The National Oil Corporation (NOC) has estimated the losses of revenues due to forced closure of oil installations since January 18, at $9,103,073,250 bn....
oil losses
Libya: oil blockade causes losses of more than $8.36 billion
The Libyan National Oil Corporation (NOC) said Saturday financial losses of the oil blockade had reached over 8.36 billion dollars from January up until August...
NOC: Oil production losses exceeded seven billion dollars
The National Oil Corporation (NOC) announced in a statement on Thursday that the losses resulting from forced closure of oil ports and fields by Haftar...
Time is running out for Libya, UN chief warns Security Council
Briefing the Security Council on Wednesday, the UN chief described the context in Libya as “gloomy”. “Time is not on our side in Libya”, he...
Libya’s NOC says oil blockade to halve oil output in coming years
Libya’s National Oil Corporation (NOC) said on Tuesday that a forced shutdown in production since January was expected to result in output dropping to 650,000...
Bloomberg: the libyan oil recovers again
Bloomberg reported that Libya’s biggest oilfield is gradually resuming production after a five-month shutdown as regional powers push to end the country’s civil war. The...
Salame: Oil losses are increasing
Yesterday, Special Representative of The Secretary-General (SRSG) Ghassan Salame claimed that the economy in Libya is becoming increasingly unstable due to the conflict. Salame said...