The Address | Benghazi – Libya
TRIPOLI – The National Oil Corporation (NOC) announced that output would fall as of January 17. The company will carry out work on the pipeline linking the Samah and Dahra fields to the Es Sider port.
NOC said that work on the pipeline was expected to take two weeks. However, it will try to complete the repairs in seven to 10 days.
NOC noted that there were a large number of leaks on the pipeline and that it was in a poor condition. These problems have mounted as NOC lacks the budget to maintain its assets. NOC noted that the loss of revenues from Waha Oil would be more than $165 million, flagging up that the state would lose earnings because of a failure to provide investment.
NOC called for the government to provide it with the required budget and for it to be paid on time. Should the money not be available, it said, problems will worsen and output in other locations may also be interrupted.