Libyan Oil Output Under Threat Amid Fresh Protests - News Summed Up

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Libyan Oil Output Under Threat Amid Fresh Protests


Protesters shut down oil distribution valves in response to the kidnapping of a senior intelligence officer, for which they blame the government in Tripoli. The valves connect the Sharara field, Libya’s largest, and the El Feel field, to a refinery in Zawya, media reported. The facility has a processing capacity of 350,000 barrels daily or roughly a third of Libya’s oil production. The new oil production disruption comes a month after output recovered following yet another outage caused by a field blockade. Two other Western energy majors are also returning to Libya, according to the National Oil Corporation.


Source: Libya Today November 14, 2024 12:19 UTC



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