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Al-Araby
Al-Araby
Libya is losing tens of millions of dollars a day from the shutdown of its oil facilities, while global prices are at their highest in years, the country’s oil minister told AFP. Oil is the lifeblood of the North African country trying to move past a decade of conflict since the fall of dictator Muammar Gaddafi in a 2011 NATO-backed uprising. But since mid-April, Libya’s two major export terminals and several oil fields have been held hostage to the country’s latest political schism. “Production has fallen by about 600,000 barrels a day,” half the prior level, Oil and Gas Minister Mohammed Aou…