After 242 days have passed since the closure of oil fields and ports, the Central Bank of Libya had announced that the losses of stopping oil production and export from the beginning of the year to the end of August amounted to about $10 billion, which threatens an economic and financial disaster that poses perils to the stagnant and fragile economic situation.
Despite exceeding the deadline announced by the US embassy in Tripoli during a statement issued on Saturday which said that the Libyan National Army promised to open oil installations, on September 12 according to specific conditions that guarantee the fair distribution of resources for the three regions. The promise hasn’t been implemented.
Meanwhile, the National Corporation continued to record more losses since the closure, as it announced Tuesday that the amount of the loss exceeded 9.8 billion dollars, renewing the calls for those responsible for the closures in the Oil Crescent region to lift the blockade on oil installations, and to re-export and produce oil after production fell dramatically to below 100.000 barrels a day after it was more than 1.2 million barrels per day.
Earlier, protests erupted in several Libyan cities, calling for an improvement in the country’s economic and living situation in light of the scarcity of liquidity and the high prices of food and goods, and finally the power cuts for long hours, which the General Electricity Company attributed to the lack of fuel to operate the power plants.
