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Monday, January 18, 2021
Libya’s National Oil Corporation (NOC) announced that the Waha Oil Company, as of January 17, 2021, will start the necessary and necessary maintenance operations for the main crude oil pipeline connecting the Al-Samah-Dhahra fields and from there to the port of Sidra, which has become in a position that cannot continue to operate due to the large number of leaks and its deterioration.
“This is due to the absence of budgets that guarantee the integrity of the foundation’s assets, which we have previously crossed over on many occasions,” as statement by NOC said.
Maintenance teams have been prepared to implement this work on a continuous basis in order to reduce the suspension period, as these works are expected to continue for two weeks.
“The National Oil Corporation is keen to coordinate with the operator, the Waha Oil Company, to reduce the period to between 7-10 days, in an indication of our confidence in the maintenance teams and their technical ability to work in the fast mode,” the statement added.
It is noteworthy that the absence of budgets for the maintenance of the assets of the National Oil Corporation has led the company to reduce and decrease production, and those “who stand in the way of liquidating these budgets bear responsibility, which costs the public treasury more than $165 million in selling opportunities,” according to NOC.
“Faced with all this, the National Oil Corporation, expressing its deep regret over what the infrastructure in the national oil sector has devolved into, strongly calls for dealing with the situation responsibly and the necessity to provide the required budgets and liquidate them on the specified dates on a regular basis. Otherwise, the matter will worsen and may lead to a halt. Production in other sites, as what Al-Waha Company suffers from today happens daily with many other companies that suffer from lack of budgets, and they are also threatened that things will lead to a decrease in their production, but in some locations to a complete stop,” the statement concluded.
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