(MENAFN- AFP)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. 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 of the prior level, Minister of Oil and Gas Mohammed Aoun said in an interview with AFP at his office in Tripoli. "Calculating the sale price at $100 a barrel, losses are at least $60 million daily," he said. The Libyan closures follow the selection in February of a new prime minister, Fathi Bashagha, by Libya's eastern-based parliament in a direct challenge to Tripoli-based interim Prime Minister Abdulhamid Dbeibah.

Source: Libya Today April 29, 2022 23:13 UTC