Libya is losing oil production at the rate of 1.1 million barrels daily, the country’s oil minister Mohammed Aoun has said, adding that almost all of the country’s oil fields were shut down. According to reports, the groups shutting down fields and export terminals are affiliated with the Bashaga camp. Bashaga has been sworn in as the new prime minister of the country, but Dbeibah has refused to step down. According to the oil minister, the only functioning fields right now in Libya are Hamada and the Mellitah complex, with the Wafa field producing from time to time. This means that Libya is producing almost no oil, putting further strain on an already undersupplied oil market.

Source: Libya Today June 13, 2022 13:14 UTC