Tag Archives: Libya

Libya'.s oil industry has been at the mercy of groups vying for control of valuable assets.

The field was pumping around 290.000 bpd prior to the shutdown.

For years. Libya has been split between two governments.

The EU issued an official statement urging the sides in the conflict to stop the violence.

The sudden risk to Libya’s oil supply comes at a time when the broader global oil market is tightening.

Libya is a significant supplier of oil to Europe. producing around 1.1 million barrels per day (bpd) of crude in March.

Libya has struggled to maintain oil production since 2011.

The oilfield deep in Libya’s south has been closed since December.

Libya’s oil production and exports have been severely disrupted since early December.

Oil production from Libya’s biggest oilfield will only restart after ``alternative security arrangements are put in place``.