Libya’s National Oil Corporation 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’’.Protesters loyal to Khalifa Haftar, whose forces control vast areas in eastern and southern Libya, shut down pipelines and major oil ports in January, leading to a halt in production and exports from these facilities.
It added that oil exports are the main source of national income for Libya, and the closure has cost the country more than one billion dollars so far.
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