NATIONAL OIL CORPORATION: Public Information Bulletin

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National Oil Corporation issued the following announcement on March 5.

This official notice summarises the situation across Libya for the oil and gas sector. Please beware of disinformation regarding the current fuel situation, published by non-NOC sources. This report is the only source of accurate and updated information. NOC is concerned about a likely fuel shortage in the coming days after the forced reduction of local production, the Zawiya refinery shut down and the lack of funding to import sufficient fuel to serve the basic needs of Libyans. Oil and gas production in Libya have been consistently down as a result of the illegal blockade of oil facilities. The current levels of production are 119,867 b/d, as of Wednesday March 4, 2020. Forced restriction of production has resulted in financial losses exceeding $2,708,826,172 USD since January 17, 2020. A diesel tanker is preparing to discharge at Benghazi port today, while a gasoline tanker is expected to arrive later. Tripoli storage depots and some of the surrounding areas and Southern regions are suffering from a lack of supplies due to the deteriorating security conditions. The city of Tripoli is supplied with hydrocarbons directly from the Tripoli port. As part of its commitment to transparency, the NOC will continue to publish data on fuel stocks in Libya as well as details of shipments, to inform citizens of fuel availability in their area. For more information please visit the NOC Facebook page. Original source: https://noc.ly/index.php/en/new-4/5762-public-information-bulletin-%E2%80%93-05-03-2020



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