News In Brief
NOC: Oil shutdown losses exceed $1.3 billion
February 12, 2020 - 11:40
Written by: SafaAlharathy
After 22 days of closing oil facilities, the NOC estimates the losses to over one billion and 300 million dollars.
The NOC indicated in a statement Tuesday that the closure of the Zawiya refinery would create problems related to the distribution and importing of fuel.
"The public treasury will bare additional expenditures for importing more quantities of fuel, in order to compensate for the refinery's production," the NOC explained.
The NOC renewed its calls to end the "irresponsible and illegal" closings and to allow it to resume production operations immediately, according to the statement.