22 Hrs
Source:
عين ليبيا
Libya economy at risk from oil shutdown
Libya has experienced significant losses in oil revenues over the past four days due to the closure of the Sharara pipeline, one of the most important crude oil transportation lines. The ongoing closure of valve number (7) on the line since September 21, 2026, has resulted in a loss of approximately 720,362 barrels of crude oil, with direct costs exceeding $75 million, and an average daily loss of nearly $18.7 million. This closure threatens the stability of fuel supplies, increases the costs of importing petroleum products, and negatively impacts the prices of goods and services. It puts pressure on the domestic market and Libya’s public finances, especially with repeated outages that threaten the Zawiya refinery's ability to operate and continue oil production.
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