NOC welcomes calls for resumption of oil production as losses exceed $8.7 billion

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NOC welcomes calls for resumption of oil production as losses exceed $8.7 billion

August 21, 2020 - 22:37
Written by: RabiaGolden

The National Oil Corporation (NOC) welcomed the statements of the Head of the Presidential Council, Fayaz Al-Sarraj, and the Speaker of Tobruk-based House of Representatives, on resumption of oil production.

In a statement on Friday, the NOC stressed the need for transparency and productive governance, in addition to the return of security management in the oil installations under the complete supervision of the Corporation.

In a separate statement, the NOC said Friday that the losses to the Libyan state, as a direct result of the illegal forced closures of its oil facilities, exceeded $8.7 billion, during a period of 217 days of forced shutdown of production in the oil industry.