The Waha Oil Company has reduced its production to 200 thousand barrels per day to carry out the necessary maintenance work, the National Oil Corporation (NOC) said on Saturday.
The NOC noted in a statement that the Waha Oil Company will start necessary maintenance operations on Sunday, on the 32-inch shipping line that connects the Al Samah fields, Al Dhahra, and the Sidra port.
The NOC explained that the line is worn out and has various leaks “due to the lack of budget.” It confirmed that the maintenance teams prepared a plan to implement reforms on an ongoing basis in order to reduce the suspension period. These works are expected to last for two weeks.
The NOC indicated in its statement that the absence of budgets for the maintenance of oil assets in Libya led it to reduce and decrease production.
“The corporation holds those who stand in the way of liquidating these budgets responsible for reducing production, which costs the public treasury more than $165 million in selling opportunities,” the statement said.
The NOC expressed its deep regret over the infrastructure in the national oil sector. They stated that emphasis should be placed on harbouring the sustenance of Libyans and the need to provide necessary budgets.
The NOC warned that the matter will worsen and may lead to a halt in production in other sites.