Libya Loses Millions Due to Oil Closures

The Minister of Oil and Gas, Mohamed Aoun, has revealed that Libya is currently losing about US$50 to US$70 million and more than 400,000 barrels of oil production per day due to the closures imposed on major export fields and ports, after it reached nearly 1.2 million per day.

Aoun said that they had formed a committee to prepare a detailed report on the effects of closing the oil fields, explaining that the Government of National Unity had developed a plan to achieve production of up to 1.4 million barrels per day by the end of the year. He also called not to involve the oil sector in political rivalries as it is the country's only wealth.