0 $
2,500 $
5,000 $
2,247 $
9 DAYS UNTIL THE END OF OCTOBER 2020

Libyan National Oil Company Says Production Drops Under 100,000 BPD, Losses Reach $3Bn

Donate

Libyan National Oil Company Says Production Drops Under 100,000 BPD, Losses Reach $3Bn

Click to see full-size image

On March 12th, Libya’s National Oil Corporation (NOC) published an information sheet providing insight in to the financial loss amid the block of oil exports from the country.

The Government of National Accord (GNA) maintains that Field Marshal Khalifa Haftar’s forces, the Libyan National Army (LNA) blocked the oil ports, while Brigadier General Ahmed al-Mismari, LNA spokesperson has repeatedly said that it was the “people’s decision” to do so.

Libyan National Oil Company Says Production Drops Under 100,000 BPD, Losses Reach $3Bn

Click to see full-size image

Output from the North African country has fallen to 97,508 bpd as of March 11th, NOC said. The cost of the embargo, which began on January 18, preventing exports has reached $3.09 billion, it continued.

Production has dropped from 114,331 bpd as of March 8th, the company said. Before the block, output in Libya was 1.22 million bpd.

NOC said it was concerned about a likely fuel shortage as a result of reduced local production, the closing of the Zawiya refinery and a lack of government funding to import fuel. “All this is a result of the illegal blockade of oil facilities,” NOC said, calling for those responsible for the blockade to immediately lift it.

Meanwhile, on the ground in Libya, clashes between GNA and LNA continue.

On the evening of March 12th, the Suq Al Juma area in Tripoli was shelled by Haftar’s forces.

The GNA also responds to the shelling in other areas in Tripoli.

According to LNA spokesperson, Ahmed al-Mismari, the reason for the delay in liberating Tripoli is because the safety of civilians is taken into account.

He also said that the delay is also to provide the trapped militants with some time for introspection and to rethink their position.

He also said that some of the militants transferred from Syria to Libya by Turkey have moved on to Europe.

On March 9th and 10th, Field Marshal Khalifa Haftar met with French President Emmanuel Macron and German Chancellor Angela Merkel respectively.

A new UN envoy was chosen to replace Ghassan Salame, it’s Algerian Diplomat Ramtane Lamamra.

Salame left because of stress, in his words.

MORE ON THE TOPIC:

Donate

SouthFront

Do you like this content? Consider helping us!