19 Hrs
Source:
عين ليبيا
Oil Company Warns of Sharara Shutdown
The Libyan National Oil Corporation reported that the closure of the Sharara oil field's pipeline after a group armed with a valve led to a significant drop in the field’s production, which decreased from approximately 300,000 barrels per day to around 100,000 to 105,000 barrels per day. This situation exposes the country to financial losses and threatens the cessation of oil exports and the Zawiya refinery. The corporation called for the immediate reopening of the pipeline and the protection of oil facilities, emphasizing that continued closure could lead to a force majeure declaration and a negative impact on national revenues.
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