Urgent .. The Petroleum Facilities Guard stops exports from the Oil Crescent due to late salaries

0
19


Urgent .. The Petroleum Facilities Guard stops exports from the Oil Crescent due to late salaries

The Oil Crescent

The Petroleum Facilities Guard in Libya announced today, Sunday, that it will stop exporting crude oil from the Oil Crescent region, due to the delay in salaries, according to the “Al Arabiya” channel, citing Libyan media.

Last week, the Libyan Central Bank revealed that the country’s revenues from oil and gas had declined by 92% during the past year, citing the reason for this to the suspension of most exports due to the blockade imposed on oil installations for months.
Stop exporting from the oil crescent

The bank stated, at the time, that 2020 revenues amounted to 2.9 billion dinars – equivalent to 652 million dollars, down from 31.4 billion dinars in 2019.







LEAVE A REPLY

Please enter your comment!
Please enter your name here