22 Hrs
Source:
عين ليبيا
Libyan oil disrupted by new closure
The Oil Corner Complex and the closure of Valve No. 7 in the Hamadah area on the Shurara crude oil transfer line pose a serious threat to oil production and supply in Libya. The closure, carried out by personnel from the Petroleum Facilities Guard and armed groups, has led to the shutdown of refining operations and oil supplies, with an estimated daily loss of around 130,000 barrels of crude. The National Oil Corporation has warned that continued closure jeopardizes technical safety, risks destroying facilities, and increases economic hardship. It will also disrupt the local market and exacerbate the fuel crisis, possibly prompting the declaration of a force majeure to protect national assets.
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