Libya: Over $75 Million in Losses in Four Days After Al-Charara Oil Field Shutdown

Written by: Adel Khelifi on September 26, 2026

In Libya, the National Oil Corporation (NOC) announced that the forced and persistent shutdown of valve No. 7, located on the main crude transportation pipeline linking Al-Charara to Zaouïa and operated by Akakus Oil Operations, has led to a sharp worsening of the cumulative decline in production at the Al-Charara field, as well as a substantial increase in crude losses intended to feed the Zaouïa refinery.

Daily volumes of production lost at the Al-Charara field since the start of the closure up to Thursday, September 24, 2026, are as follows :

  • Monday, September 21: losses reached 129,085 barrels.
  • Tuesday, September 22: losses rose to 259,349 barrels.
  • Wednesday, September 23: losses stood at 235,983 barrels.
  • Thursday, September 24: they reached 237,937 barrels.

Thus, the cumulative volume of production lost over these four days of closure alone amounts to 862,354 barrels of crude oil, while the total amount of direct financial losses recorded by the NOC up to September 24 stands at more than $75 million.

The NOC warned that these figures are likely to rise and double if this arbitrary closure continues. Such a situation would have negative and direct repercussions on the various refinery units at the Zaouïa refinery, which could gradually shut down due to the imminent depletion of crude reserves stored in its tanks. This would lead to disruptions in the supply of petroleum products and would place additional financial and technical burdens on the Libyan economy.




Adel Khelifi

Adel Khelifi

My name is Adel Khelifi, and I’m a journalist based in Tunis with a passion for telling local stories to a global audience. I cover current affairs, culture, and social issues with a focus on clarity and context. I believe journalism should connect people, not just inform them.