Libya’s National Oil Corporation (NOC) on Monday said a refinery in western Libya had been shut down due to lack of crude oil.
NOC said this was after losses resulting from a blockade on major oil facilities and ports had surpassed one billion dollars.
The NOC said in a statement that the closure “will exacerbate the problem of managing, importing and distributing fuel and will lead to very significant costs to the treasury to import additional fuel to replace the refinery’s production.’’ NOC said oil production in Libya reached 181,576 barrels per day on February 6, down from more than one million barrels produced on Jan 18 when the blockade began.
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