Wednesday, September 17, 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 Clears Itself of Blame over Continued Power Outages

August 13, 2020
Share on FacebookShare on Twitter

On Wednesday, Libya’s National Oil Corporation (NOC), confirmed that the continued closure of oil ports and facilities, is mainly behind the continued power outages and the rise in loads in the east of the country.

The NOC also reiterated its warning of the halt of natural gas production, supplying Zueitina, and North Benghazi power plants. It stated that its condensate storage capacities are close to being filled. This is a result of the continued closure of the oil ports in the Gulf of Sirte. It added that no more natural gas can be produced during the coming period, adding that this gas is used to supply the power plants of the eastern region. The Corporation noted that the closure of the oil ports, has led to the loss of 250 million cubic feet of natural gas, on a daily basis.

The NOC is facing a severe financial crisis, as it has been forced to allocate funds for fuel imports to compensate for the consumption of natural gas used by power plants. It has also had to cover the domestic market’s needs of oil by-products that were previously produced in local refineries. These are currently suspended due to the force majeure on the country’s oil fields.

The ongoing conflict is between the Tripoli-based Government of National Accord (GNA), which is supported by Turkey and Qatar, and the Libyan National Army (LNA) backed by Russia, Egypt, and the United Arab Emirates. The blockade linked to this conflict has caused Libya’s oil production to plummet to around 70,000 bpd in recent months, from over 1.2 million bpd late last year.

Tags: ElectricitylibyanocoilOutagesPower
Next Post

Al-Mismari: Turkey Transferring Terrorists From Horn of Africa With Qatari Support

POPULAR CATEGORIES

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

MUST READ

Indian National with ISIS Ties Arrested in Libya

Erdogan Signals Positive Shift in Relations With East Libya

Libya Remains Central Route for Migrant Crossings to Europe

Libya Targets Human Trafficking Networks

Libya Marks 94 Years Since the Martyrdom of Omar Al-Mukhtar

Libya Launches “Measles” Vaccination Campaign in Eastern Region

EDITOR PICKS

Libya Remains Central Route for Migrant Crossings to Europe

Indian National with ISIS Ties Arrested in Libya

Libya Launches “Measles” Vaccination Campaign in Eastern Region

Erdogan Signals Positive Shift in Relations With East Libya

Libya Marks 94 Years Since the Martyrdom of Omar Al-Mukhtar

Arab Pharmacists Union Partners with Benghazi University

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

© 2024 LR

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

© 2024 LR