The National Oil Corporation (NOC) announced that it is exerting great efforts to deliver fuel to all regions of Libya as well as power stations across the country in the face of “the continued closure of oil refineries and its devastated budgets.”
In a statement, NOC confirmed that it was necessary to import expensive fuel to compensate for the production losses resulting from the closure of local refineries, which led to a historical financial deficit.
The statement confirmed that the blockade of oil installations led to the collapse of the Libyan economy. It led the country’s refineries not to produce oil for eight consecutive months.
The country was left without the regular operation of local refineries or gas production from the Faraj and Abu Attifel oil fields.
NOC confirmed that it does its best to fill the gap in supply and that the production of gas used for power generation has stopped. This has forced NOC to import diesel for power plants, which further depletes the cash reserves that are already low.
NOC pointed out that emptying the condensed tanks in the port of Brega enabled the corporation to produce about 160 million cubic feet of gas per day.
However, this quantity is insufficient to cover the daily consumption needs of the North Benghazi and Zweitina power plants, which demand a maximum of 250 million cubic feet of gas per day.
It added that such a step did not and will not solve the problem of power outages, which can only be resolved by the resumption of production.