The National Oil Corporation (NOC) confirmed that the continued closure of oil pipelines of Al-Shara and Al-Fiyl caused losses of $160 million in the loss of oil sales so far.
On Wednesday, the NOC warned that the continued closure of the pipeline could cause the crude line to explode at any moment and result in the loss of large quantities of crude produced.
The NOC pointed out the difficulty and cost of maintaining the valves and transmission lines of oil in the current financial and security conditions; noting that there has been severe damage to oil reservoirs as a result of this closure.
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