12 Hrs
Source:
عين ليبيا
Ain Libya Network Investigates Fuel Fund Drainage
The article discussed the challenges faced by the oil sector in Libya, including a lack of investments and maintenance, financial disputes between institutions, and their impact on production and marketing. The oil expert confirmed that the infrastructure is not severely outdated; however, ongoing neglect and economic factors have led to a decline in performance. There are opportunities to improve the situation through increased investments and rapid maintenance. He also pointed out that repeated closures of fields and transportation lines have increased maintenance costs and weakened buyer confidence, thereby affecting the pricing of Libyan crude oil. The article attributed the shortage of local refining capacities—especially following the closure of the Ras Lanuf refinery—to the lack of new refining capacities and rising domestic demand. It criticized the disputes between major institutions and emphasized the need for coordination and policy stability to improve the situation. While raising production is possible, it requires a well-thought-out plan, despite the negative impact of political fluctuations on investments.
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