Oil blockades hurt Libyan economy | News | Al Jazeera

Oil blockades hurt Libyan economy

While armed groups block Libya's major oil ports and continue to make demands, the economy is paying a high price.

    In the past much of Libya’s national oil profit was siphoned off to its leader, Muammar Gaddafi.

    But few Libyans have ever felt the impact of the oil wealth.

    Armed groups have blockaded four of the nation's oil production sites. In a nation where oil accounts for 70 percent of the gross domestic product and more than 95 percent of state income, the blockade has put Libya’s fragile government in the red.

    Al Jazeera's John Hendren reports from the Libyan oil port of Zawayah.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    America's Guns: Secret Pipeline to Syria

    America's Guns: Secret Pipeline to Syria

    How has the international arms trade exacerbated conflict in the Middle East? People and Power investigates.

    I remember the day … I designed the Nigerian flag

    I remember the day … I designed the Nigerian flag

    In 1959, a year before Nigeria's independence, a 23-year-old student helped colour the country's identity.