The Libya’s National Oil Corporation (NOC) announced the decline of production levels to 114,331 barrel per day (b/d), according to a statement issued by the company.

It stated that forced restriction of production has resulted in financial losses exceeding $2.9 billion since January 17, 2020.

The company added that it continues to supply hydrocarbons to all Libyan regions in sufficient quantities to meet the transport and domestic needs of citizens. However, some fuel storage levels are running low and next week some areas will be at risk of shortages.