Oil-Industry Woes Hit Libya's Finances

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News.

Libya is proposing a budget with a $8bn deficit for the first time in years.

The OPEC member lost almost two-thirds of its oil revenue after major oil ports in the east of the North African country were closed by rebels.

Al Jazeera's Omar Al Saleh reports:

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