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NOC Announces Update for Oil & Gas Sector in Libya

Source: www.gulfoilandgas.com 2/28/2020, Location: Africa

NOC expresses its deep concern about a potential fuel shortage in the coming weeks after the loss of local production, the Zawiya refinery shut down and the lack of sufficient import budgets.

Oil and gas production in Libya have been consistently down as a result of the illegal blockade of ports and pipelines. Today the current levels of production are 120,568 b/d, as of Friday February 28, 2020. Forced restriction of production has resulted in financial losses exceeding $2,347,200,138 USD since January 17, 2020.

Libya’s NOC continues to supply hydrocarbons to the Central and Eastern regions in sufficient quantities to meet the transport and domestic needs of citizens. A gasoline tanker finished discharging at Benghazi port, while a diesel tanker is expected to arrive at the port today. The city of Tobruk and the rest of the Eastern region are being supplied with fuel directly from Benghazi.

Tripoli storage depots and some of the surrounding areas and Southern regions are still suffering from a lack of supplies due to the deteriorating security conditions. The city of Tripoli is supplied with hydrocarbons directly from the Tripoli port.

As part of its commitment to transparency, the NOC will continue to publish data on fuel stocks in Libya as well as details of shipments, to inform citizens of fuel availability in their area.

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