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NOC: Libya has lost over $2.9 billion in illegal oil blockade

The Libyan National Oil Corporation (NOC) has revealed that the country’s oil production is now as low as 114.000 barrels per day after the blockade of oil ports and fields by Khalifa Haftar’s loyalists.

The NOC said in a statement on Monday that the oil blockade that has been ongoing since January 17 cost Libya financial losses worth 2.9 billion dollars.

The NOC said fuel is available in all cities and districts across the country, expressing concern over an imminent shortage of fuel in the few coming days.

The NOC added that the shortage of fuel could take place because of the stoppage of local production and shutdown of Al-Zawiya Oil Refinery as well as the lack of sufficient funds for imports.

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