NOC confirms oil closures resulting in loss 1.2 million b/d and daily financial losses of US$ 77 million

By Sami Zaptia. London, 21 January 2020: Libya’s state National Oil Corporation (NOC) confirmed yesterday a virtual total oil production shutdown resulting in a loss of crude oil production of 1.2 million b/d and daily financial losses of approximately $77 million. The closures came in the lead up to the Berlin conference on Libya held … Continue reading NOC confirms oil closures resulting in loss 1.2 million b/d and daily financial losses of US$ 77 million