EU supports National Oil Corporation efforts to resume Libyan oil production

EU supports National Oil Corporation efforts to resume Libyan oil production

July 01, 2020 - 20:09
Posted in:
Written By: AbdulkaderAssad

The Delegation of the European Union, in agreement with European ambassadors to Libya, expressed their support to the National Oil Corporation (NOC) in its efforts to resume oil production while also seeking to ensure transparency in the utilisation of oil revenues.

"The oil blockade has deprived the Libyan people of over $6 billion in lost revenues and caused damage to important infrastructure since January." The EU delegation said in a statement.

The EU called on all Libyan and regional actors to constructively engage in efforts to lift the blockade.

"We strongly condemn the presence of foreign mercenaries in Libya, including the Sharara oilfield and any other oil infrastructure." The EU added.

It also said that the presence of mercenaries endangers the integrity of the oil installations and facilities, with possible long-term implications for Libya’s oil production.

"All actors, Libyan and foreign, should ensure the NOC is able to fulfill its vital mandate unimpeded on behalf of all Libyans." The EU explained.

The NOC said it was hopeful that regional states responsible for oil blockade in Libya would help lift it after weeks of negotiations, which have been done under the auspices of the UN.