Libya’s NOC is due to receive part of a LD9bn ($2bn) emergency budget (MEES, 12 February), according to a Bloomberg report this week.
NOC is in desperate need of cash to carry out vital maintenance work on its decaying infrastructure. Leaks along a key pipeline to the Es Sider export terminal last month caused output to fall by about 200,000 b/d for one week (MEES, 22 January). (CONTINUED - 217 WORDS)
