Minister of Oil and Gas: Libya losing $60 million a day in oil shutdown: minister - News Summed Up

Minister of Oil and Gas: Libya losing $60 million a day in oil shutdown: minister


Libya is losing tens of millions of dollars a day from the shutdown of its oil facilities, while global prices are at their highest in years, the country's oil minister told AFP. "Production has fallen by about 600,000 barrels a day," half the prior level, Oil and Gas Minister Mohammed Aoun said in an interview with AFP at his office in Tripoli. Washington's embassy in Tripoli on Wednesday said it was "deeply concerned" by the Libyan oil closures and said they should end immediately. On the political dimensions of the shutdown, Aoun limited himself to saying: "Apparently, those calling for the closure say they have demands for the development of their regions." Libya's oil production was between 1.5 million and 1.6 million bpd before the 2011 uprising.


Source: Libya Today April 29, 2022 12:20 UTC



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