Libya’s NOC shuts Zawiya refinery unit due to forced pipeline closure

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epaselect epa07010576 Libyan firefighters and security personnel stand in front of the National Oil Corporation (NOC) after gunmen attack on the building, in Tripoli, Libya, 10 September 2018. According to reports, at least four people were killed, including two gunmen, after unknown militant stormed the headquarters of the of the National Oil Corporation (NOC) in Tripoli. Libyan factions on 05 September signed a ceasefire agreement aimed at ending 10 days of fighting that has left at least 60 people dead. EPA/STR

LONDON:

Libya’s National Oil Corporation (NOC) said on Saturday it has shut down one of the refining units at the Zawiya refinery due to the continued forced closure of the Sharara crude pipeline valve by armed groups belonging to the Petroleum Facilities Guard.

The corporation warned that ongoing disruptions to the flow of crude could directly impact state oil revenue, increase fuel import costs and harm the national economy.

The closure has reduced cumulative production at the Sharara field by 942,376 barrels over five days through Friday, causing direct financial losses of about US$95 million, the NOC said.

Lost output on Friday alone totalled 222,014 barrels, according to NOC.

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