The National Oil Corporation (NOC) said on Saturday that the rate of oil production has exceeded one million barrels per day, pointing out that the credit for this great achievement is due to the workers in the oil sector in various Libyan regions.

The NOC indicated that it is facing a financial strain and a great shortage in its budgets, which has led to the accumulation of debts on the sector companies, which has led to delays in payment of salaries of its service companies.

The corporation warned that it may not be capable of maintaining the current levels of production, as it is very possible that it would have to decrease or completely stop its output in light of the lack of cooperation of some parties, which obstructed the corporation’s efforts to increase its production and revive the nation’s economy.

Economy