By Libya Herald reporters.
Tunis, 25 January 2016:
In the last three years, oil blockades and fighting have deprived Libya of over a . . .[restrict]billion barrels of oil exports at a cost to the country of over $68 billion. Some $50 billion of this loss is being blamed on Ibrahim Jadhran’s Petroleum Facilities Guard
Tripoli NOC chairman Mustafa Sanallah said today that daily exports had now dropped from 400,000 to 362,000 barrels largely as a result of IS attacks on oilfield installations. One trader told this newspaper he believed the figure might be even lower.
Sanallah was especially bitter about the role that Jadhran and his PFG had played in blockading exports from Sidra, Ras Lanuf and Zuetina. The PFG had even stopped NOC’s attempts to lift some 490,000 barrels from Ras Lanuf after the first IS attack on the terminal three weeks ago. A Greek tanker hired to lift the cargo was turned away by Jadhran’s people. When the terrorists renewed their assault last week, much of the three million barrels of oil still trapped in the tank farm was destroyed.
“We have calculated the damage and losses due to loss of production over the past three years at $68.4 billion” Sanallah told Reuters, adding “More of 70 percent of this is because of Petroleum Facilities Guards in the whole country”. [/restrict]
