The National Oil Corporation reported a significant reduction in revenues in April, amounting to US$50,525,596.43 million.

The revenues from crude oil, gas and condensers for the April 2020, marked a sharp and significant decline of about 97% compared to April 2019 income.

This income decline is due to the continued illegal closings of the fields, oil refineries and production units

Also, natural gas production rates declined in April 2020, due to the illegal closure of Sidi Al-Syeh, valves which have incurred additional costs and financial burdens on the public treasury to provide alternative fuels (liquid fuel) for operating electric power plants

Mustafa Sanalla, Chairman at National Oil Co of Libya, commented: 
"The Libyan state continues to mark significant losses in daily oil and gas production for the fourth month in a row, as a result of the unjust blockades and illegal closures of the sources of oil production from fields and export ports by criminal groups whose only concern is to make Libya a failed  state and on the verge of bankruptcy, and will increase the suffering of the Libyan citizens, in addition to the impact of these closings on the technical and environmental side, which will cost the National Oil Corporation large sums to maintain oil pipelines and infrastructure that is already collapsing, and the National Oil Corporation will not be able to restore its production capacity Even after the unjust siege is lifted and production is re-enabled.

"Hence, the National Oil Corporation renews its imploring for all to take responsibility and come to reason, and spare Libya the threat of bankruptcy and fear "God"  Almighty and this and the overpowered people who have suffered and are still suffering, and we are taking the initiative to reopen the fields and ports oil, and to resume production to alleviate the daily suffering of the Libyan citizen."

Therefore, the National Oil Corporation renews its permanent desire to put all numbers and statistics regarding production based on the principle of transparency, which it committed itself in order to preserve the wealth of the Libyan people, and also reaffirms that its role is limited to transferring oil sales revenues to the Central Bank of Libya, while the Ministry of The Finance determines spending according to the approved budget, and the National Oil Corporation, like other sectors, is awaiting the liquidation of its budgets allocated to it by the government".

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