Because of the closure of oil facilities .. about a billion dollars in losses the Libyan economy

The Libyan National Oil Corporation announced that the losses of the Libyan economy resulting from the closure of oil installations by supporters of the retired Libyan brigade, Khalifa Hifter, on January 17th amounted to about one billion dollars.

The Foundation said in a statement on Tuesday that the production of crude oil in the country declined from 1.2 million to 187 thousand barrels per day, or by 80%.

She added that the losses of the Libyan economy since last January 18 until February 3 this year amounted to 931 million dollars, and indicated that production lost for the same period amounted to 14.5 million barrels.

The National Oil Corporation renewed its call to open oil installations, noting that diesel fuel reserves in some areas were no longer sufficient for only several days, according to the statement.

The Foundation’s Board Chairman, Mustafa Sanallah, expected Libyan production to drop to 72,000 barrels within days.

On January 17, supporters of the Haftar port closed (east), claiming that the oil sale funds are used by the internationally recognized government of National Accord, before they subsequently close other ports and fields, which prompted the Oil Corporation to declare a state of force majeure in it.

This comes at a time when the Austrian Energy Group (OMV) said today, Thursday, that it could not expect a date to resume production in Libya.

Libya's oil revenues amounted to about $ 20.3 billion during the first 11 months of last year, according to a recent statistic of the Central Bank of Libya.

The United Nations Support Mission in Libya has previously warned that disrupting oil production will have serious consequences for the Libyan people, who depend entirely on the permanent flow of oil, and will have tremendous repercussions that will be reflected in the already deteriorating economic and financial situation in the country.

Haftar's forces have launched an offensive since April 4 to control the capital, Tripoli, the headquarters of the Al-Wefaq government, which has aborted the efforts of the United Nations to hold a dialogue conference between the Libyans.