Libyan Oil Firm: Pipeline Blocked
The main oil pipeline in the Sharara field in Libya was shut down, leading to a decrease in the field’s production by about 200,000 barrels per day, bringing it down to between 100,000 and 105,000 barrels per day, from a peak capacity of 300,000 barrels per day. The National Oil Corporation warned that continued closure could result in the stoppage of production, transportation, and export, as well as substantial losses in state revenues. Additionally, there is a risk of halting the Zawiya refinery and an increase in fuel import costs. The corporation called for the immediate reopening of the pipeline and urged the relevant authorities to take responsibility for protecting oil facilities, warning that if the shutdown persists, a state of force majeure may be declared.
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