Atwasat

NOC welcomes UN Security Council's extension of measures against illicit oil exports




Alwasat - Cairo Thu 13 Feb 2020, 07:26 PM
alwasat radio

The National Oil Corporation (NOC) on Thursday, welcomed the resolution of the UN Security Council extending measures against illicit export of oil from Libya.

"NOC welcomes the adoption by the UN Security Council of Resolution 2509 authorizing measures against the illicit export of crude oil and other petroleum products from Libya, continuing to allow member states to inspect designated vessels on the high seas," the NOC said in a statement.

The corporation also condemned attempts by the eastern-based government to take control of the NOC's Inspection and Measurement Department.

The UN Security Council on Thursday adopted resolution 2509 that extends the authorization of measures against the illicit export of crude oil and other petroleum products from Libya until April 30, 2021.

Tribal leaders in eastern Libya recently closed oil ports, accusing the UN-backed government of using oil revenues to support armed groups against the eastern-based army.

According to the NOC, suspension of oil exports due to the closure of the oilfields and ports cost loss of nearly 1.4 billion U.S. dollars so far, and caused drop of daily crude oil production from more than 1.2 million to less than 200,000 barrels per day.

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