February 6, 2020 at 2:13 pm
Eastern military commander General Khalifa Haftar's oil blockade has cost Libya nearly $1 billion, Bloomberg reported.
Libya's oil production hit its lowest point since the 2011 uprising against former leader Muammar Gaddafi, after Haftar's forces placed a blockade on the country's ports on 18 January.
The country's crude oil production decreased by 76.3 per cent, reaching nearly 284,000 barrels per day, after the forces of the Libyan National Army – headed by Haftar – shut down major oil fields and ports in the east and south of the country, state run oil corporation National Oil Corporation (NOC) reported last week.
READ: 'Haftar has been barking up the wrong tree'