Saturday, September 13, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Libyan Oil Minister: No Date Agreed to Resume Oil Exports

May 1, 2022
Share on FacebookShare on Twitter

On Wednesday, Libyan Oil Minister, Mohamed Aoun stated that there is no specific date for the resumption of oil exports, and that the matter “depends on the results of negotiations with those who closed the oil fields.”

“The committee formed by the Libyan Oil Ministry is working on preparing a comprehensive report to account for the total losses resulting from the oil closure,” Aoun added.

He pointed out that “the main valves that pump the oil are closed, and there is no possibility to export any quantity at present. The resumption of Libyan oil exports will take place after communicating with those who closed the oil facilities and discussing their requests. We hope to agree soon on reopening the closed facilities.”

However, the Libyan oil ministry said in a statement that the closed oil fields will reopen within days. This comes after protesters closed vital fields in the east of the country.

Aoun met tribal leaders and discussed the closures. These have caused Libya’s daily output to fall by around 550,000 barrels.

The statement added that they are in the process of reaching a final agreement, that would put an end to the recent closures.

Aoun claimed daily losses amount to between $50-70 million dollars a day, due to the closure of a number of oil fields.

“We formed a committee to prepare a detailed report on the effects of closing oil fields on the local economy, and the lives of individuals,” he said. Aoun pointed out that Libya is excluded from the “OPEC +” production agreement, and has not yet reached the specified quotas.

Notably, the US Embassy in Libya stated that they remain “deeply concerned by the continued oil shutdown, which is depriving Libyans of substantial revenue, contributing to increasing prices.”

It called on responsible leaders to “recognize that the shutdown harms Libyans throughout the country, and has repercussions across the global economy.”

  • GNA Deputy PM: Most Important Outcome Out of Tunisia Dialogue is Election Date
  • Libyan Oil Minister Criticises Foreign Interference
  • Libyan Oil Minister: NOC Chairman Sanallah Has Failed To Abide By The Law
  • Libyan Minister Denies Russian Involvement in Oil Closures
  • Libya’s Oil Production Reaches 1.2 Million BPD
Tags: libyaMohamed AounOil BlockadeOil FieldsOil Minister
Next Post

French Official: UN Sponsoring Ineffective Initiatives in Libya

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libya’s NOC Expands Strategic Partnership with Eni

Belgassem Haftar Holds Talks with Italian Intelligence Chief in Benghazi

Libya Faces New Power Crisis After Tripoli Blackout

Saddam Haftar Marks Storm Daniel Anniversary as a Defining National Moment

Libyan Security Forces Dismantle Human Trafficking Network in East

Shops in Libya Required to Provide Electronic Payment

EDITOR PICKS

New Oil Technicians Graduate to Support Libya’s Energy Sector

Saddam Haftar Meets Egyptian Tribal Leaders in Benghazi

Belgassem Haftar Holds Talks with Italian Intelligence Chief in Benghazi

UN Reaffirms Commitment to Support Recovery of Libya’s Derna

Libyan Security Forces Dismantle Human Trafficking Network in East

Libya Ranked Among Africa’s Top 3 Business Destinations in 2025

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR