Tuesday, April 7, 2026
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 Libya

NOC Chief Announces Huge Losses Due to Illegal Closures of Oil Facilities

April 27, 2020
Share on FacebookShare on Twitter

Mustafa Sanalla, the Chairman of the Libyan National Oil Corporation (NOC), stated that the country had suffered huge losses during the first quarter of 2020 due to the illegal closures of oil facilities.

In a statement, Sanalla said that the closure of these facilities would allow stagnant oil and salt water to erode the transport pipes, costing the state millions in repairs after the end of the crisis.

“The decrease in revenues will delay government investments in public services and will hinder efforts to advance the national economy,” he added, warning that Libyans across the country would be affected by these closures.

Tags: libyaLossesnocOil
Next Post

European Parliament Calls to Halt Funding to Libyan Coastguard

POPULAR CATEGORIES

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

MUST READ

Libya Reemerges as Key Trade Gateway in New China-Linked Maritime Corridor

Hope Turns to Horror: Dozens Missing After Boat Capsizes Off Libya

Greek Report Questions Whether UN Actions Reshaped Libya’s Political Outcome

Outrage in Tripoli After Rocket Fired at Wedding Sparks Safety Fears

Libya’s Economy Slips Near the Bottom of Global Freedom Rankings

Libya Detains 126 Migrants in Benghazi Security Sweep

EDITOR PICKS

NOC Moves to Shield Libya’s Energy Lifeline from Rising Cyber Threats

AI Innovation in Benghazi Signals New Era for Libya’s Healthcare System

Benghazi Initiative Brings Real-World Learning to Special Education

Libya’s Economy Slips Near the Bottom of Global Freedom Rankings

Libya Reemerges as Key Trade Gateway in New China-Linked Maritime Corridor

Greek Report Questions Whether UN Actions Reshaped Libya’s Political Outcome

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

© 2024 LR

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

© 2024 LR