Libya's Oil Blockade Has Cost The Country Over $5 Billion

Libya’s crude oil exports have shrunk by 92 percent and the National Oil Corporation has lost some $5 billion since the start of the oil blockade early this year, the Libyan state energy company said in a statement cited by local media and Reuters. A group of paramilitary formations affiliated with General Khalifa Haftar’s Libyan National Army occupied Libya’s oil export terminals in January along with pipelines and fields. The blockade came amid continued fighting between the LNA, which is loyal to the eastern Libyan…