Oil-industry woes hit Libya’s finances
Austerity measures proposed to tackle budget deficit arising from rebel blockades against production facilities.
Published On 16 May 2014
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