Oilfield Protests Cost Libya Dearly

Minister of Oil and Gas, Dr. Abdulbari Alarusi [Al Arusi] said that protests at Libyan oilfields have cost the country 250,000 bpd in lost production, adding:

"Any disruption of this sector that could lead to a delay in the country's development."

Demonstrations have been held at the terminals at Al-Harriga in Tobruk and Zueitina in the east, and at the Al-Fil oilfield in Ubari in the south, Arussi said.

Libya's economy relies heavily on hydrocarbons, which account for more than 80 percent of its GNP and up to 97 percent of its exports.

(Source: Middle East Online)

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