0 $
2,500 $
5,000 $
1,600 $
9 DAYS LEFT UNTIL THE END OF JANUARY

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

Support SouthFront

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:

Support SouthFront

SouthFront

Subscribe
Notify of
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
©igare☘☘e?Sm⚽️k?ng?Man️?

sputniknews

The Libyan National Army has hit the Mitiga Airport in Tripoli, Libya, killing Turkish servicemen stationed there, the LNA spokesperson said on Sunday.

According to spokesperson Ahmad al-Mismari, for the past several days, the LNA has struck Turkish military targets, including radars and air defences, located at the Mitiga air field. He noted that the LNA had also destroyed everything in the Misrata region that is viewed as having a “Turkish presence”, including military depots.

1
0
Would love your thoughts, please comment.x
()
x