Thursday, June 26, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Economy

Oil Crisis Deepens in Libya as Losses Exceed $3.8 Billion

April 4, 2020
Share on FacebookShare on Twitter

Libya’s National Oil Corporation (NOC) said that from January 18 to the end of March 2020, oil revenue losses amounted to $3.88 billion due to the closure of ports and oil fields.

In its bulletin published on Saturday, the NOC said that the cumulative losses in oil production amounted to approximately 78.49 million barrels in the period from January 18 to April 1st. This amounts to daily production losses of approximately 1,127,000 barrels per day.

According to its bulletin, the NOC pointed out that the Libya’s economy and financial reserves were in constant decline due to the port and oil fields’ closures as the current oil production in Libya dropped to a mere 92.731 barrels per day. Many NOC facilities are closed since January 17, 2020.

Tags: Crisislibyaoilwar
Next Post

Libya Condemns Turkish Airstrikes on Food Trucks

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Greece Accuses Libya & Turkey of Breaching International Law

Libya Sends Troops to Italy for Special Operations Training

Libya Becomes Turkey’s Third Largest Trade Partner in Africa

Libya’s NOC Signs Offshore Exploration Deal with Turkey’s TPAO

Libya’s East-Based Government Blames UN for Political Crisis

Belgassem Haftar: Italian Firms Vital to Libya’s Reconstruction

EDITOR PICKS

UK Denies Embassy Convoy Was Targeted in Armed Attack in Libya

Libyan Security Forces Arrest 77 Drug Dealers

European Council Warns Against Unilateral Maritime Agreements in Libya

Greece Accuses Libya & Turkey of Breaching International Law

IMF Reports Decline in Libya’s GDP Growth

Libya Sends Troops to Italy for Special Operations Training

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR