Oil Protests Cost $6bn

Libya's Economy Minister, Mustafa Abu Fanas, has said the country has lost $6 billion due to the protests at ports and oil fields.

"If these blockages continue it will have a big negative impact ... There are now very intense efforts so this problem will perhaps be solved," he told reporters.

He said the government would be able to pay public salaries and other expenditures by drawing in on other sources. He did not elaborate but Libya has built up reserves off cash from times of high oil prices.

(Source: Reuters)

No comments yet.

Leave a Reply