Oil alert from the Libyan state for collapse of production



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Libyan national oil company NOC warned Saturday that the closure of two other oil export ports could bring down the country's output to a quarter of its recent level after an armed group has blocked activities there. According to the statement released Friday night, the NOC could be forced to empty the ports of Zueitina and Hariga on Sunday, as a local militia, known as the Libyan National Army, began to prevent ships from entering. enter the area.

The closure of ports can mean a reduction of 350 thousand barrels of oil per day in the country's production. That would mean a total drop of 800,000 barrels a day.

In an interview published last Friday, Saddek Elkaber, president of the Libyan central bank, estimated the loss of revenue from the ports already closed about $ 1.2 billion. Source: Dow Jones Newswires

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