Lost oil revenues ‘cost’ Libya $30 billion: Central Bank
Libya has lost $30 billion due to 10 months of protests at oilfields and export terminals but has sufficient foreign currency reserves to keep the country running, a central bank official said June 6.
A wave of protests at oil facilities has reduced the North African countryâs oil output to less than 200,000 barrels a day down from 1.4 million bpd in July before the strikes started.
âThe damages the state has now suffered after more than 10 months, Libya has lost not less than $30 billion,â Musbah Alkari, director of the central bankâs reserves department, told Reuters.
- Log in to post comments