NOC: Losses Caused by Oil Exports Closure Exceeded $931 Million.

Published On(
2020-02-06 15:25:00

Tripoli, 6 February 2020(Lana) The National Oil Company has said that losses incurred from closure of oil fields and terminals have exceeded $931 million. Oil production has plunged to 187.337 bpd as a result of the closure, it said. In a statement it issued on repercussions of the oil closure, NOC said reservoirs in Tripoli and surrounding areas suffer shortages of supply as a result of deterioration of the security situation, while fuel supplies were available in the central and eastern regions. The NOC for prompt re-opening the oil exports, indicating that continued closure will have grave consequences on the country's economy. =Lana=