Libya: $ 7.9 billion in losses due to shutdowns of oil facilities – Middle East Monitor

The National Oil Corporation (NOC) has announced that Libya’s losses have amounted to around $ 7.9 billion since the start of 2020 due to shutdowns of oil facilities by General Khalifa Haftar’s militia, a statement said. reported by a Libyan TV channel.

The latest estimates for losses in this sector were announced by the NOC on July 21, at around $ 7.24 billion.

Haftar militia and tribes loyal to the forces of the East, with support from the Emirates, have closed facilities and oil fields since last January.

On Thursday, the NOC welcomed the US decision to impose financial sanctions against: “A network of smugglers, which has contributed significantly to the destabilization of the country.”

The NOC also confirmed that it: “Would continue to monitor all smuggling operations and continue to submit its communications and reports to the Office of the Attorney General and the Security Council Sanctions Committee and to follow legal procedures to detain persons. involved in these illegal acts. indebted. “

READ: US imposes Libya-related sanctions on individuals and businesses

On Thursday, the US Treasury Department’s Office of Foreign Assets Control (OFAC) imposed sanctions on three Libyans and a Malta-based company for their involvement in smuggling Libyan oil.

The sanctions list that has been posted on the Treasury Department website includes Faisal Al-Wadi, Nour Al-Din Miloud Misbah, Masbah Mohammed Wadi and Al-Wefaq Company Ltd, in addition to the Maraya ship which is used to transport contraband goods.

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