Gulf Oil and Gas accountACCOUNT

Public Information Bulletin in Libya

Source: 4/6/2020, Location: Africa

The forced and illegal restriction of oil and gas production has resulted in financial losses exceeding 3,957,326,455 USD?since January 17, 2020. This means the Libyan economy and the nationís financial reserves are getting weaker every day due to the blockade.??

Total oil production inside Libya is down to 89,933 barrels?a day,?as of?April 5, 2020.

Many NOC facilities were illegally shut-down on 17 January 2020. This resulted in the shutdown of Zawiya refinery, and since then NOC has had to increase its imports of fuels to meet peopleís basic needs.

NOC calls on all parties within Libya to lift the blockade and re-start oil and gas production, so every Libyan can benefit from a stronger economy and a more steady supply of fuels.

NOC provides fuels to people in Eastern regions via different ports across the coastline. A gasoline tanker is preparing to discharge at the Benghazi port today.

Tripoli stations are being provided from its port directly and other cities receive their fuel from the ports in the western region. A gasoline tanker is discharging at the Tripoli port today.

Transportation of fuels into the Southern regions is difficult and intermittent due to the deteriorating security situation. Some fuel supplies are getting through, but this continues to be a challenge.

Some cargo shipments are shared between various ports across the whole Libyan coastline. This is because of low levels of funding given to NOC, and to make sure vessels deliver fuel to all regions. This demonstrates NOCís commitment and ongoing efforts to ensure that all regions are supplied with fuel.

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

Production News in Libya >>

Australia >>  2/25/2021 - Highlights
- Pump optimization program sanctioned, targeting an increase of over 30% in total current water production to accelerate commercial...

Colombia >>  2/25/2021 - - Realized 100% 1P and 133% PDP Reserves Replacement, with $2.65 and $5.06/BOE F&D Costs
- Achieved 2020 Production of 22,624 bopd
- Forec...

Gabon >>  2/25/2021 - Panoro Energy ASA issues this update and guidance in advance of the Groupís 2020 Annual Report. The information contained herein has not been audited ...
Argentina >>  2/24/2021 - Echo Energy, the Latin American focused upstream oil and gas company, has provided an update on operations at its Santa Cruz Sur assets, onshore Argen...

United States >>  2/24/2021 - Tellurian Inc. continued to build its integrated global natural gas business in 2020, focusing on expense and debt reduction.

President and...

United States >>  2/24/2021 - Fourth-Quarter Highlights
- Reported production of 411,000 barrels of oil equivalent (BOE) per day; adjusted production, which excludes Egypt no...

Libya Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.