Oil-industry woes hit Libya's finances

Austerity measures proposed to tackle budget deficit arising from rebel blockades against production facilities.

    Libya is proposing a budget with a $8bn deficit for the first time in years. The OPEC member lost almost two-thirds of its oil revenue after major oil ports in the east of the North African country were closed by rebels.
     
    Al Jazeera's Omar Al Saleh reports from Zawya in Libya.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Venezuela in default: What next?

    Venezuela in default: What next?

    As the oil-rich country fails to pay its debt, we examine what happens next and what it means for its people.

    The Muslims of South Korea

    The Muslims of South Korea

    The number of Muslims in South Korea is estimated to be around 100,000, including foreigners.

    What is Mohammed bin Salman's next move?

    What is Mohammed bin Salman's next move?

    There are reports Saudi Arabia is demanding money from the senior officials it recently arrested.