Libya government says its losing 1.1mn barrels of oil output every day

News

A statement over the weekend from Libya’s Minister of Oil and Gas:

  • Libya is currently losing more than 1,100,000 barrels per day (bpd) of oil production
  • most of the oil fields are closed, except for the Hamada field and the Mellitah complex, while the Al-Wafa field continues operations from time to time.
  • “ … it appears that the closure instructions were issued by an official body, the Petroleum Facilities Guard in the closure areas”, Aoun said.

Not a lot more further detail at this stage.

libya 25 April 2022

Articles You May Like

Breakout Stocks: How to trade Indian Hotels, Nalco & Fortis Healthcare on Friday?
Gold prices continue to drop amid a strong dollar and US inflation concerns; check rates in your city
Yen Rebounds on Ueda’s Openness; Euro Starting to Break Down
Australian Dollar continues to recover despite an improved US Dollar
Is META stock a Buy or Sell?

Leave a Reply

Your email address will not be published. Required fields are marked *