CAIRO (AP) — The closure of Libya’s major oil fields and production facilities has resulted in losses of more than $255 million in the six-day period ending Jan. 23, the country’s national oil company said Saturday. Libya has the ninth largest known oil reserves in the world and the biggest oil reserves in Africa. Various foreign players back Libya’s rival governments, and they have recently been stepping up their involvement in the oil-rich nation’s conflict. Image: FILE – In this Feb. 26, 2011 file photo, a Libyan oil worker, works at a refinery inside the Brega oil complex, in Brega, eastern Libya. On Saturday, Jan. 18, 2020, the National Oil Corporation in Libya says that a decision by east-based forces to choke off oil exports from its territory has threatened to throttle much of the country’s oil production.

Source: Egypt Independent January 25, 2020 13:52 UTC