(Bloomberg) -- Libyan Central Bank Governor Sadiq Al-Kabir called for an immediate resumption of oil operations to shore up the economy amid an unprecedented decline in monetary reserves.
“We need to raise the production to 1.7 million barrels per day to cover the country's spending,” Al-Kabir said at a forum that centered around a discussion on Libya's economic situation.
Shutting down the country's oil operations repeatedly from 2013-2020 has generated about $180 billion in losses, Al-Kabir said.
Libya Oil Closure a ‘Bullet in the Head,' Says Bank Governor (1)
©2020 Bloomberg L.P.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
