NOC declares losses of more than two billion dollars due to reduced production

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NOC declares losses of more than two billion dollars due to reduced production

February 26, 2020 - 12:30
Written by: RabiaGolden

The National Oil Corporation of Libya (NOC), has announced that their calculated loss of income as a direct result of closures attributed to Haftar loyalists is now set at two billion and one million dollars since force majeure was declared on the 18of January.

The NOC confirmed that production levels have been reduced by 122,500 barrels per day.

NOC went on to say that regardless of this depletion, it continues to supply the eastern and central regions in order to meet the demands of citizens. The NOC confirmed that fuel depots in Tripoli and the surrounding areas, including the south still suffer from a lack of supplies due to the loss of safe supply lines.

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