Tag Archives | Blockade

Port Blockage Costs Libya $1bn in Lost Oil Revenues

By John Lee. The National Oil Corporation (NOC) has announced a drop in production as a result of the blockade of ports and pipelines to the current level of 135,745 b/d, as of  Monday February 17, 2020, with losses exceeding 1 billion USD  at  1,616,886,132 USD. The NOC renews its call for all blockades to be lifted to allow the corporation to resume production […]

EU “Deeply Concerned” at Blockade of Libyan Oil Facilities

The Delegation of the European Union, in agreement with EU Member States embassies accredited to Libya, is deeply concerned that the National Oil Corporation (NOC) has been compelled to suspend operations at critical oil facilities across Libya and calls for the immediate resumption of NOC operations. The distribution of Libya’s wealth and resources, including oil […]