Home / Economy / #Government #Libya #News – National Oil Corporation: Continued closure of pipelines causes a loss of 160 million dollars   

#Government #Libya #News – National Oil Corporation: Continued closure of pipelines causes a loss of 160 million dollars   

The National Oil Corporation (NOC) confirmed that the continued closure of oil pipelines of Al-Shara and Al-Fiyl caused losses of $160 million in the loss of oil sales so far.

On Wednesday, the NOC warned that the continued closure of the pipeline could cause the crude line to explode at any moment and result in the loss of large quantities of crude produced.  

The NOC pointed out the difficulty and cost of maintaining the valves and transmission lines of oil in the current financial and security conditions; noting that there has been severe damage to oil reservoirs as a result of this closure.

#ArraedLG #BuildingANation    

Leave your vote

Check Also

The stranding of the Panamanian ship in the Suez Canal will cause an increase in oil prices and world trade.

Economic analysts predicted, on Thursday, that the accident of stranding a Panamanian container ship in …

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.