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Home » Oil minister: Libya losing $60 million a day in oil shutdown

Oil minister: Libya losing $60 million a day in oil shutdown

Saturday, April 30, 2022 Oil & Gas 1 Min Read
وزير النفط الليبي محمد عون يتحدث خلال مقابلة مع رويترز في طرابلس يوم 29 أبريل نيسان 2021. تصوير: حازم أحمد - رويترز

Libya is losing tens of millions of dollars a day from the shutdown of its oil facilities, while global prices are at their highest in years, the country’s oil minister told AFP.

“Production has fallen by about 600,000 barrels a day,” half of the prior level, Minister of Oil and Gas Mohamed Aoun said in an interview with AFP at his office in Tripoli.

“Calculating the sale price at $100 a barrel, losses are at least $60 million daily,” he said.

On the political dimensions of the shutdown, Aoun limited himself to saying: “Apparently, those calling for the closure say they have claims for development of their regions.”

Libya Mohamed Aoun Oil
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