NOC: More than $7.47 billion lost in last 192 days due to closure of oil facilities and ports

Alwasat Staff Mon 27 Jul 2020, 09:35 AM
alwasat radio

Libya's National Oil Corporation (NOC) announced on Sunday that lost sales opportunities in the last 192 days have reached $7.47  billion, due to the closure of oil facilities and ports.

The NOC said an international meeting was held last Tuesday through Italian initiative, to discuss the issue of suspended oil exports and the continued closure of oil ports and fields in Libya.

The Italian news agency AKI quoted an unnamed diplomatic sources as saying that the meeting included officials from Germany, Italy, France, the United States, Egypt and the United Arab Emirates, in addition to the Acting Special Representative of the United Nations Secretary-General, Stephanie Williams.

On July 10, the NOC announced the lifting of the force majeure on all oil exports from Libya, but a day later the spokesman for Libyan National Army forces, Major General Ahmed Al-Mismari, stated that the opening of oil ports is limited to allowing the transportation of a stored quantity of oil, contracted before the closure and that "the oil ports and fields will remain closed until the Libyan people's demands and orders are fulfilled."

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