13 Hrs
Source:
عين ليبيا
Libya's Energy Sector Faces Heavy Losses
Data reveals significant losses faced by the Libyan oil sector due to the closure of the Ras Lanouf refinery since 2013. The cost of the closure has reached approximately $1.2 billion, and international partnerships have diminished from 17 companies to just 6. Operational costs have also soared sharply, including an increase in the gasoline sale premium from $4.5 to $67 per ton, and a 203% rise in diesel consumption. The annual additional losses for the sector are estimated at around $596 million, reflecting structural challenges faced by oil production and distribution in Libya.
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