Monday, July 14, 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 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 Opens Probe into ICC-Wanted Security Official Osama Najim

Libya Refuses to Hand Over Security Official to ICC

Libya Warns UN of Greek Violations in Contested Sea Zone

Saddam Haftar Meets Turkish Envoy in Benghazi

Libya-Greece Tensions Rise Over Sea Border Claims

Ankara’s Ties with Haftar’s Administration Strengthen

EDITOR PICKS

Libya & China Discuss Housing & Energy Cooperation

IOM: 415 Migrants Intercepted & Returned to Libya

UNSMIL Launches Nationwide Survey to Shape Libya’s Electoral Roadmap

Libya & UK Reaffirm Strategic Partnership in Tripoli Meeting

Ankara’s Ties with Haftar’s Administration Strengthen

Libya Warns UN of Greek Violations in Contested Sea Zone

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

© 2024 LR

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

© 2024 LR