Losses at Libya's NOC hit $95m as Zawiya refinery shuts down
8 Articles
8 Articles
The Libyan National Petroleum Corporation has announced that one of the refining units in the corner refinery has been forced to shut down, as a result of the continued closure of the valve of the raw spark transmission line, in order to ensure the continued operation of the other unit for as long as possible.
The National Oil Corporation (NOC), of Libya, informed this Saturday that it interrupted the operations of one of the processing units of the refinery of Zawiya due to the forced and continuous closing of the valve of the pipeline of Sharara by armed groups linked to the Guard of Oil Installations. The company warned that the persistent interruptions in the oil flow can directly affect the state revenues with the sector, raise the costs of impor…
Losses at Libya's NOC hit $95m as Zawiya refinery shuts down
Company warns of wider economic harm after forced pipeline closure
Libya’s NOC shuts Zawiya refinery unit due to forced pipeline closure
The National Oil Corporation warns that ongoing disruptions to the flow of crude could directly impact state oil revenue, increase fuel import costs and harm the national economy.
The Libyan National Petroleum Corporation said that it had suspended one of the refining units at the corner refinery in order to ensure that the other unit would continue to operate for as long as possible, as a result of the continued forced closure of the noose line valve by armed groups belonging to the south-west oil facility guard and the western military zone. It added in a statement through its official page of the website Facebook, Satu…
London: The National Petroleum Corporation in Libya said that it had stopped a refining unit in the corner refinery because of the continued forced closure of the valve of the spark pipeline for the transportation of crude by armed groups of the oil installations guards. The Foundation warned that the ongoing disturbances in the flow of oil could directly affect oil revenues and increase the cost of [...].
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