UN Mission Warns Disruption to Libya Oil Infrastructure Could Trigger Sanctions
- On Saturday, the National Oil Corporation shut down one refinery unit at the Zawiya facility to preserve the other's operation, following the ongoing forced closure of the Sharara-Zawiya pipeline.
- Armed groups belonging to the Western South Oil Facilities Guard Agency and Western Military Zone forced the pipeline's closure, halting crude transport from the Sharara field for domestic supply and export.
- Financial impacts reached approximately $95 million as crude production losses exceeded 942,000 barrels through the week, peaking at nearly 260,000 barrels on Tuesday.
- Warning of potential sanctions, the UN Support Mission in Libya stated on Saturday that undermining energy infrastructure may violate UN Security Council resolutions, while noting risks to fuel supplies.
- NOC chairman Masoud Suleman noted last month that Libya needs investment of up to $40 billion to develop its oil sector, emphasizing the country's potential and "untapped resources.
43 Articles
43 Articles
The oil pipeline of utmost importance to Libya, which was shut down earlier this week by an armed group, is open again. Pipeline 7, which runs from the Sharara oil field in the southwest to the port of Zawiyah in the north of the country, was shut down by the Petroleum Facilities Guard (PFG) in the hope of forcing better working conditions. The PFG is an officially recognized paramilitary organization operating under the authority of the Libyan…
The shutdown of the Sharara-Zawiya pipeline caused a major reduction in the country's oil production.
The Sarara-Zawiya pipeline in Libya has reopened after being closed for 5 days by a group of armed men. It was not known what their demands were or whether they had demanded a ransom from the companies operating it. The post Libya: Oil pipeline closed by armed men reopens appeared first on in.gr.
The Libyan National Petroleum Company announced on Saturday night the resumption of pumping on the pipeline connecting the d-al-Charara field to the Zawiya terminal.
On Saturday, the National Petroleum Corporation of Libya issued a statement in which it stated that it had resumed pumping crude oil from Al-Shara'a field five days after its closure...
Libya is resuming the pumping of oil from the spark field after a five-day closure and causing losses of $95 million, while technical teams are gradually returning flows to the corner refinery and export ports.
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