Economics and Business

Oil blockade causes over $4 billion losses

Libyan Cloud News Agency – Tripoli

The chairman of the National Oil Corporation (NOC), Mustafa Sanalla, has declared that the forced closure of many NOC facilities had caused losses of over $4 billion dollar.

Sanalla said that the $4 billion could have been invested into better health care, re-building roads, plus schools and education for our children.

“The $4 billion loss to the Libyan people is irreversible. All areas of life, the national infrastructure and all Libyans, including men, women and children, are affected by this heavy loss. This will add to their suffering that was a result of blockades on oil facilities over past years,” he commented.

He called on those responsible for this blockade to think carefully and with a national spirit about the negative repercussions of their irresponsible behavior on the life and future of the Libyan citizens, and the damage their acts could cause if they continue.

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