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Since 25 July, Libya loses nearly $1.6 billion in oil ports shutdownTripoli, Libya (UPI) Aug 18, 2013 Libya's oil and gas minister says the closure of the country's oil ports has resulted in massive economic losses. During a press conference Saturday in the Libyan capital Tripoli, Oil and Gas Minister Abdel-Barri Arrousi told reporters that since July 25 the nation had lost nearly $1.6 billion in oil revenues as a result of the shutdown, adding that a further consequence would be a loss of trust with international buyers due to a lack of reliability, while the breaking of contracts will result ... read more |
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