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Libya says oil shutdown has caused over $255 million losses

The closure of Libya’s major oil fields and production facilities has resulted in losses of more than $255 million in the six-day period ending Jan. 23, the country’s national oil company said Saturday.

Haftar controls the eastern and much of the southern part of the country.

Libya has the ninth largest known oil reserves in the world and the biggest oil reserves in Africa.

The offensive has threatened to plunge Libya into chaos rivaling the 2011 conflict that ousted and later killed long-time dictator Moammar Gaddafi.






Article source: https://www.dailystar.com.lb//Business/International/2020/Jan-25/499942-libya-says-oil-shutdown-has-caused-over-255-million-losses.ashx