Strikes cost Libya $7 billion

Libya has lost more than $7 billion and faces new competition from Algeria and Nigeria in oil markets due to strikes at oilfields and ports drying up exports, according to the country's oil minister.

Hitting the budget: Libya's Oil Minister Abdelbari al-Arusi says the fall in output has cost the country 9 billion Libyan dinars
Hitting the budget: Libya's Oil Minister Abdelbari al-Arusi says the fall in output has cost the country 9 billion Libyan dinars
Published 9 December 2013, 01:54Updated 11 October 2016, 13:14
Middle East