Libya has shut in an additional 200,000 barrels per day of production in the face of required maintenance, following the loss of around 300,000 bpd two weeks ago. The company will begin treating and cutting pipeline on January 4. NOC put the amount of lost production at 200,000 bpd, equivalent to lost sales of more than $107 million. Illegal closures and shortfalls in budgeted cash have driven these problems, Sanalla reported. A group close to the Petroleum Facilities Guard (PFG) closed a pipeline from the Sharara field and others, cutting production.

Source: Libya Today January 03, 2022 07:36 UTC