Libya Restarts Oil Supply Via Sharara-Zawia
Oil drilling operations in Libya have resumed through the Sharara-Zawiya pipeline after several days of closure, during which protesters from the Petroleum Facilities Guard halted the flow of crude oil, resulting in losses estimated at $95 million over five days. The closure also led to the shutdown of one refining unit at the Zawiya refinery. Oil teams are now considering shipping crude oil via the ports of Mellita or Sidra to feed the refinery, aiming to ensure continuous electricity supplies and factory operations. The National Oil Corporation warned that ongoing disruptions to crude oil flow could harm oil revenues and increase the fuel import bill. Since the beginning of the closure, total losses have accumulated to 720,000 barrels, valued at nearly $75 million.
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