Libya Says Sharara Pipeline Shutdown Causes $75 Million in Losses, Threatens Zawiya Refinery Operations
11 Articles
11 Articles
According to the National Petroleum Corporation of Libya, its direct losses as a result of the closure of the crude transport line from Al-Shara ' a to the corner exceeded $75 million until Thursday, while the lost production was estimated at more than 720,000 barrels since the closure.
The effect of the forced closure of the No. 7 valve on Acacos Oil Operations' main crude transport line is increasing amid warnings by the National Petroleum Corporation against the spread of losses and their effects on production and refining...
How Is The Sharara Pipeline Closure Affecting Libya’s Oil Sector?
The continued closure of the Sharara-Al Zawiya crude pipeline has cost Libya more than $75 million in just four days, while raising the risk of disruptions at the Al Zawiya refinery and to petroleum product supplies. Libya’s National Oil Corporation (NOC) said the closure of Valve No. 7 on the main pipeline operated by Akakus […]
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