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Losses of Libyan oil sector top USD 10 bln in six months  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 28/12/2013

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(MENAFN - Kuwait News Agency (KUNA)) President of the Libyan Council for Oil and Gas (LCOG) Khalid Bin Othman said Tuesday the losses incurred by his country from the disruption of oil exports since July, 2013 topped USD 10 billion.

Three of Libya's six main oil-exporting harbors have been closed over the last six months, thus hampering 55 percent of the country's oil exports, he said in a phone call with KUNA.

Due to the security unrest, the country's oil output also declined from 1.4 million barrels per day in July to just 250 million bpd at present, Bin Othman added.

 






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