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The National Oil Corporation of Libya confirms that the country's oil production remains steady at approximately 1.4 million barrels per day, despite the closure of several fields and the intentions of the Petroleum Facilities Guard to implement a partial reduction in production for a week. This comes amid threats to double the cut or permanently shut down the fields if the Guard's demands are not met, specifically the transfer of the financial and administrative authority to the National Oil Corporation instead of the Ministry of Defense. Oil is the main source of Libya's economy, contributing about 90% of its revenue, and the country faces significant economic risks if the closures continue or the strikes escalate, especially amid rising global oil prices.
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