No Result
View All Result
Saturday, May 2, 2026
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

Libya loses more than US$ 5 bn due to oil closures: NOC

bySami Zaptia
June 2, 2020
Reading Time: 1 min read
A A

By Sami Zaptia.

(Logo: NOC).

London, 2 June 2020:

Libya’s state National Oil Corporation (NOC) said yesterday that Libya’s politically motivated oil closures have cost the country more than US$ 5 bn. Libya’s oilfields and facilities have been closed by forces and tribes aligned to Khalifa Hafter and his Libyan National Army (LNA).

The NOC said US$ 1.7 bnn dollars are losses resulting from the closure of Sharara and El-feel fields. It said that these closures and resulting losses foretell an economic disaster that will bring Libya to its knees as a result of these irresponsible acts.

The NOC said that an armed militia is also preventing its teams from carrying out urgent maintenance on an oil storage tank in the Sharara field. It called on the city of Zintan to lift their social shielding of this militia and not to allow what it called ‘‘a handful of criminals and seekers of self-interest who claim to have a tribal cover that would allow them to tamper with and damage the only source of wealth of the Libyan people’’ .

RELATED POSTS

Chevron and Libya’s National Oil Corporation sign MoU to evaluate shale oil and gas resources – estimated at 18 billion barrels and 123 trillion cft

NOC Chairman Suleiman meets representative of Nigeria’s Aiteo oil company – winner of exploration bid in Block M1, Murzuq Basin

It called on the city Zintan to assist the security and judicial agencies in arresting the militia and bringing them to justice

 

Tags: featuredmilitiaNOC National Oil CorporationZintan

Related Posts

Fierce overnight militia clashes in Surman – unconfirmed deaths reported by media
Libya

Fierce overnight militia clashes in Surman – unconfirmed deaths reported by media

May 2, 2026
Boeing signs a strategic agreement with Libya to modernize its civil aviation
Business

Boeing signs a strategic agreement with Libya to modernize its civil aviation

May 2, 2026
National Development Agency signs contract for National Food Sovereignty Project – 1,000 Centre Pivot Irrigation Circuits
Business

National Development Agency signs contract for National Food Sovereignty Project – 1,000 Centre Pivot Irrigation Circuits

May 1, 2026
German embassy to return majority of its Libya staff to Tripoli
Libya

German Embassy and representatives of German companies operating in Libya discuss Tripoli’s 19 May Libyan-German Economic Forum

April 30, 2026
Linataawan marks Phase II milestone in support of civil society in Libya
Libya

Linataawan marks Phase II milestone in support of civil society in Libya

April 30, 2026
‘Mini-Meeting’ discusses first two steps of Libya’s UN Roadmap in its first meeting in Rome
Libya

‘Mini-Meeting’ discusses first two steps of Libya’s UN Roadmap in its first meeting in Rome

April 30, 2026
Next Post
Regular shipping service launched between Slovenia and Libya

Regular shipping service launched between Slovenia and Libya

Kidnapped girl Wissal freed: Tripoli Ministry of Interior

Top Stories

  • Tunis Air to resume flights to Libya ‘‘in coming weeks’’ – new sea lines to be launched soon linking Italy, Tunisia and Libya

    New shipping line between Italy-Tunisia-Tripoli launched today

    0 shares
    Share 0 Tweet 0
  • Chevron and Libya’s National Oil Corporation sign MoU to evaluate shale oil and gas resources – estimated at 18 billion barrels and 123 trillion cft

    0 shares
    Share 0 Tweet 0
  • US sells US$ 95 million worth of border security equipment to Tunisia – can a similar deal between the EU or the US be struck with Libya?

    0 shares
    Share 0 Tweet 0
  • CBL increases foreign currency cash limit permitted to enter Libya – up from US$ 10,000 to US$ 30,000

    0 shares
    Share 0 Tweet 0
  • MedSky confirms start of direct Dusseldorf flights from 17 May

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Fierce overnight militia clashes in Surman – unconfirmed deaths reported by media

Tripoli to host the 2nd Libya Real Estate Investment Exhibition “Sphere Expo 2026” with broad regional participation

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.