The National Oil Corporation (NOC) is to implement biting austerity measures in light of the continuing closure of major oil ports by Haftar's militias, while the NOC head, Mustafa Sanallah, has renewed his demand to reopen the oil facilities at once.
The NOC said it would freeze some contracts and withhold overtime payment, but assured workers that their basic salaries would not be affected. It also unveiled plans to suspend specific services, according to a statement issued Friday.
Since the oil production was brought to a halt in mid-January, the oil output in Libya has dived, as losses exceed $3 billion, according to the NOC.
Economy
