Petroleum Africa
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Thursday, February 24, 2022
The media office of Libya’s National Oil Corporation (NOC) reports that “the oil ports along the Libyan coast are experiencing a situation of bad weather, which has made it impossible to link the moored oil vessels.”
NOC’s media office added that there are not “enough tanks to accommodate two days of production at the Zawiya oil port and we are afraid that production will decline if bad weather continues for more than three days.”
NOC has previously demanded the decision-making departments in the country to provide funding for the repair and maintenance of oil sector infrastructure, that have been damaged or destroyed by war. To date, NOC has not obtained the necessary financial allocations, which has led to irregular oil production and sometimes the shut-in of fields due to leaks and other issues, which has affected the country’s hard currency earnings.
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