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Home Uncategorized

Libya loses US$ 30 bn oil revenues due to oil blockades since August 2013

byEmad
June 13, 2014
Reading Time: 1 min read
A A

Libya Herald staff.

Tripoli, 7 June 2014:

Libya has lost US$ 30 bn in oil revenues due to the political blockades of its . . .[restrict]oil ports and various other industrial actions since August 2013.

Speaking to Libya’s state news agency LANA, the Central Bank of Libya (CBL) Director of Financial Markets and Chairman of Libya’s largest Bank, Jumhuriya Bank, Musbah Akkari, said that the country is currently earning from oil exports about US$ 1 bn per month instead of the usual US$ 3-4 bn per month prior to the various oil protests . . .

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