The Libyan National Oil Corporation (NOC) said on Sunday that Libya’s daily crude oil production had dropped from more than 1.2 million barrels to less than 300,000 due to closure of oil fields and ports.
“National Oil Corporation (NOC) confirms that oil production continues to fall as a result of illegal blockades. Production fell to 284,153 barrels per day, and irreversible losses to the Libyan economy amounted to 318 million U.S. dollars, as of January 24, 2020,” NOC said.
NOC renewed its call for blockades to be lifted to allow the corporation to resume production immediately, to insure continuing supply of fuel products to all regions and to restore vital revenues to the Libyan economy.
It also assured Libyans that fuel supplies are normal in all across the country, especially in central and eastern Libya.
