No Result
View All Result
Sunday, January 25, 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

ENI, in partnership with BP, NOC and LIA, commences drilling of deepwater exploration well in Gulf of Sirte

NOC takes corrective measures in fuel purchasing by adopting tender system – saving ‘‘tens of billions of dinars’’ in import costs: Attorney General’s report

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

War-time squatters to be evicted from Airport Rd apartments – for return to project owners Savings Bank for hand over to legal owners
Libya

War-time squatters to be evicted from Airport Rd apartments – for return to project owners Savings Bank for hand over to legal owners

January 22, 2026
Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Former Director General of LAICO LAP Sudan sentenced to six years imprisonment for attempting to seize public funds using forged official documents

January 22, 2026
Since reopening in June 2021, the Spanish embassy has been in full operation: Deputy Head of Mission Bordallo Sainz
Libya

Spanish Embassy visa application centre opened in Benghazi – 8,000 visa applications processed via Tripoli in 2025

January 22, 2026
Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Two detained for smuggling illegal immigrants to northern Mediterranean and manufacturing boats for their transport

January 21, 2026
EU to end Operation Sophia and to launch new Mediterranean operation to monitor UN Libya arms embargo
Libya

The 2nd EU-Libya Film Festival to be held in Tripoli from 20 to 22 January

January 19, 2026
Economy Minister Hwej reviews his ministry’s implementation of its 2023 plan and issues several directives
Business

Economy Minister Hwej warns that Libya can run out of hard currency reserves if it does not control imports

January 18, 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

libyaherald-Ads

Top Stories

  • The International Forum & Exhibition for Free Zones – Misrata: 28 to 29 June at Misrata Free Zone

    Qatari, Italian and Swiss US$ 2.7 billion investment in Misrata Free Zone to increase its capacity to 4 million containers annually

    0 shares
    Share 0 Tweet 0
  • Zawia airport construction starts – under the NDA and to be implemented by a Turkish company

    0 shares
    Share 0 Tweet 0
  • CBL devalues LD by 14.7% from approximately LD 5.43/dollar to about LD 6.36/dollar

    0 shares
    Share 0 Tweet 0
  • Economy Minister Hwej warns that Libya can run out of hard currency reserves if it does not control imports

    0 shares
    Share 0 Tweet 0
  • Libya’s state mobile company Almadar to launch 5G services soon

    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

Multi-sector French trade delegation visits Greater Tripoli to enhance economic cooperation – holds several meetings with various entities

Acting Minister of Housing and Construction discusses with UK Ambassador Reynolds cooperation in housing, urban development and reconstruction

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.