Suspension of Libyan oil exports causes loss of over $3.6 billionChristian Fernsby ▼ | March 27, 2020
Libya's National Oil Corporation (NOC) on Thursday said that the suspension of oil exports after the closure of oil fields and ports has caused a loss of more than 3.6 billion U.S. dollars so far.
Energy in Libya Libya's National Oil Corporation
Topics: Libya oil export
"We call on those responsible for the illegal closures to immediately lift the blockade and spare oil sector workers and citizens from more suffering. We call on the rest of the state's bodies to maintain the remaining financial reserves and reduce their expenses," the statement said.
Tribal leaders in eastern Libya in January closed oil ports and fields, accusing the UN-backed government of using oil revenues to support armed groups against the eastern-based army.
The eastern-based army has been leading a military campaign for almost a year in and around the capital Tripoli, attempting to take over the city and topple the UN-backed government.
The United Nations Support Mission in Libya on Wednesday called on Libyan parties to stop all hostilities and focus on fighting the novel coronavirus. ■