Libya’s NOC shuts Zawiya refinery unit due to forced pipeline closure
The National Oil Corporation warns that ongoing disruptions to the flow of crude could directly impact state oil revenue, increase fuel import costs and harm the national economy.
Libya's National Oil Corporation has temporarily halted a refining unit at the Zawiya refinery due to armed groups' continued closure of the Sharara pipeline. This decision was made public on Saturday by the corporation. According to Reuters, the refinery shutdown was prompted by the armed group's forced obstruction of the Sharara crude oil pipeline valve, which belongs to the Petroleum Facilities Guard.
The corporation had previously reported on Thursday that the pipeline's forced closure resulted in the loss of over 720,000 barrels of production and significant financial losses of more than $75 million. It is worth mentioning that the armed group closed valve number 7 on the pipeline, which transports crude oil from the Sharara region to the Zawiya port, on September 21.
The National Oil Corporation has expressed concern that Zawiya refinery may require further shutdowns as its crude reserves dwindle.
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Also reported by 2 other outlets
- Libya’s NOC shuts Zawiya refinery unit due to forced pipeline closure freemalaysiatoday.com
- Libya halts refining unit at Zawiya refinery amid pipeline closure english.ajel.sa
