Khalifa Haftar's Libyan National Army said on Saturday it would maintain a blockade on oil production and exports that the National Oil Corp says has cost the country US$6.50 billion in lost revenue.[BENGHAZI] Khalifa Haftar's Libyan National Army said on Saturday it would maintain a blockade on oil production and exports that the National Oil Corp says has cost the country US$6.50 billion in lost revenue.
Friday's loading of a first tanker since January with oil from storage had led NOC to lift force majeure on all exports, though it warned that damage to fields meant it would take a long time to fully restore production. However, LNA spokesperson Ahmed Mismari said in an online statement that the country's oil fields and ports are"closed until the orders of the Libyan people are implemented", laying out conditions to lift the blockade.
Libya has been split since 2014 between the Turkey-backed, Government of National Accord in Tripoli, which is recognised by the United Nations, and the LNA in the east of the country supported by the United Arab Emirates, Russia and Egypt. Under existing arrangements backed by the United Nations , oil is produced and exported by the NOC with revenues flowing to the Central Bank of Libya. Both institutions are based in Tripoli, but the money funds public sector bodies and the salaries of state employees in all parts of the country across front lines.
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