Libya's NOC halts Zawiya refinery unit after pipeline valve seized by armed guard group

Libya's National Oil Corporation reported that it has taken a Zawiya refinery unit offline due to the continued forced closure of the Sharara crude pipeline valve by armed factions of the Petroleum Facilities Guard. The corporation warned that such interruptions to crude flow may directly diminish state oil revenue, increase the price of imported fuel, and negatively affect the national economy. The blockage has lowered total production from the Sharara field by 942,376 barrels over a five-day period, resulting in an estimated loss of about US$95 million.

On the most recent day, output fell by 222,014 barrels. The NOC emphasized that the ongoing pipeline issue could have further financial repercussions if not resolved promptly.