Forex

Libya government says its losing 1.1mn barrels of oil output every day


A statement over the weekend from Libya’s Minister of Oil and Gas:

  • Libya is currently losing more than 1,100,000 barrels per day (bpd) of oil production
  • most of the oil fields are closed, except for the Hamada field and the Mellitah complex, while the Al-Wafa field continues operations from time to time.

  • “ … it appears that the closure instructions were issued by an official body, the Petroleum Facilities Guard in the closure areas”, Aoun said.

Not a lot more further detail at this stage.



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Eamonn Sheridan
Eamonn Sheridan

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