Libya LNA shuts down oil exports

The Libyan National Oil Corporation will lose $55 million daily due to shutting down oil shipment at ports, RIA Novosti reported, citing a statement by the company.

According to the corporation, daily losses in crude oil production will amount to 800 thousand barrels, which corresponds to USD55 million.

The ports of Al-Barik, Ras Lanuf, Al-Harik, Zaytuniya and Al-Sadr were blocked by order of the commander of the Libyan National Army, Khalifa Haftar.

The country in terms of oil reserves ranks 9th in the world with 48.4 billion barrels. Before the overthrow of the national leader Colonel Muammar Gaddafi, Libya produced about 1.6 million barrels of oil per day, and it was one of the main oil exporters in southern Europe.

With the interruption of oil exports, the rivalry between two Libyan centres of power in Tripoli and Benghazi escalates to new height.

At present Libya has a world-recognized Government of National Accord, led by a Fayez al-Saraj, a descendant from a prominent Turkish family, who resides in Tripoli, and the Interim government, which is headed by Abdullah Abdurrahaman at-Thani, supported by Tobruk Parliament and Libyan National Army commander Khalifa Haftar, who has been undertaking siege of Tripoli since April 2019, claiming the need to liberate if from terrorists.

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