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Libya Fuel Shortages

Source: 3/16/2020, Location: Africa

NOC is concerned about a likely fuel shortage in the near future after the forced reduction of local production, the Zawiya refinery shut down and the lack of government funding to import sufficient fuel to serve the basic needs of Libyans. All this is a result of the illegal blockade of oil facilities.

We call on those responsible for the closure to immediately lift the imposed 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 as well.

Oil and gas production in Libya have been consistently down. The current levels of production are 91,108 barrels a day, as of Sunday March 15, 2020. Forced restriction of production has resulted in financial losses exceeding 3,276,183,429 USD since January 17, 2020.

A gasoline tanker discharged at the Benghazi port on Sunday March 15, 2020; while another gasoline tanker is expected to arrive at the port today. The city of Tobruk and the rest of the Eastern region is being supplied directly from Benghazi.

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 about related Opportunities and Key Players visit Libya Oil and Gas Projects

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