16.8 C
February 28, 2020 - 09:16
Cyprian Is Nyakundi
Front News

Libyan state oil firm says output down 75pc due to blockade



More by this Author

Libya’s oil production has plunged by around three-quarters since forces loyal to military strongman Khalifa Haftar launched a blockade a week ago, the National Oil Company announced Saturday.

The fall, from 1.2 million barrels a day to just over 320,000, has caused estimated losses of $256 million since the closure of major oil fields and ports in the east and south of the country, the NOC said in a statement.

Haftar began an offensive in April last year to seize the capital Tripoli from the UN-recognised Government of National Accord.

Pro-Haftar forces blockaded the main oil terminals in eastern Libya the day before a summit in Berlin on January 19 that called for the end of foreign interference in the conflict and a resumption of the peace process.

Exports were suspended at the ports of Brega, Ras Lanouf, Al-Sidra, Al-Hariga and Zweitina in the country’s “oil crescent”.


The NOC also denounced the closure of valves at a pumping station in the southwest, which shut down production the major fields of Al-Sharara and Al-Fil.


Source link

Would you like to get published on this Popular Blog? You can now email Cyprian Nyakundi any breaking news, Exposes, story ideas, human interest articles or interesting videos on: hello@cnyakundi.com. Videos and pictures can be sent to +254 710 280 973 on WhatsApp, Signal and Telegram.



Related posts

Deputy OCS, two others arrested over death of journalist working for the star

Cyprian, Is Nyakundi

US sends home 21 Saudis as probe finds shooting was ‘terrorism’

Cyprian, Is Nyakundi

Buyers Beware Admin Mildred Owiso Atti set free

Cyprian, Is Nyakundi