BRAKING NEWS

Rystad Energy Warns of Collapse of Wells and Oil Infrastructure in Libya.

Published On(
2020-08-09 17:12:00
)

Tripoli, 9 August 2020(Lana) The Rystad Energy Research and Oil information Co. has warned that the Libyan oil blockade, which is entering its seventh month, reducing production to 100000 bpd from 1.2 million bpd, has also helped reduce international oil production surplus estimated at 58.600 million barrels. According to report posted to the Company's Facebook page, the damage caused to the oil blockade in Libya, not only in the short run, but also negatively impacted oil infrastructure and oil wells, and rehabilitating wells and pipelines would require a lot of investment. =Lana=