Russia’s Dmitriev takes gold in sprint at 2017 UCI Track Cycling World Cup in ColombiaSport February 20, 3:40
Emelianenko-Mitrione bout postponed due to American’s illnessSport February 19, 4:06
OSCE unable to identify perpetrators of cyber attacks against it - secretary generalWorld February 19, 4:02
Russian biathletes win gold in relay at 2017 IBU World Championships in AustriaSport February 18, 18:30
Putin signs decree on recognition of documents given to Donbass peopleRussian Politics & Diplomacy February 18, 17:26
Sberbank CEO says no repeat of crisis in the short termBusiness & Economy February 18, 17:24
Judging by certain statements at Munich Conference, "cold war" is still not over — LavrovRussian Politics & Diplomacy February 18, 15:19
Bout’s lawyers will challenge Court of Appeals’ decision in Supreme Court on February 21Russian Politics & Diplomacy February 18, 7:16
Turkish Minister reproaches NATO for not fulfilling obligations on its south-eastern flankWorld February 18, 7:12
RABAT, January 02, 8:20 /ITAR-TASS/. Blockade of Libya’s oil seaports, which detachments of armed paramilitaries began last summer, undermines the capability of the state to pay wages and scares away the potential foreign investors, Libyan Ministry of Labor said Wednesday.
Actions of the blockaders have dealt a heavy blow the economy and the wages earned by the Libyans had been put into jeopardy, it said.
Armed paramilitaries from the tribes of eastern Libya control the most crucial oil industry installations in the country, including the seaports of As-Sidrah, Ras Lanouf and Zueitina. They demand an expansion of political rights for the eastern region of Cyrenaica, a greater share of profits from the sales of oil, and investigations of the activity of corrupt officials.
Libya Oil Ministry says the actions of the paramilitary units putting up obstacles to the normal work of the oil industry have led to the plummeting of oil production from 1.5 million barrels to just 250,000 barrels a day over the past several months.
The blockade that began in July cost the Libyan budget about $ 9 billion to date.
Prime Minister Ali Zeidan said earlier Libya had bumped into a full-blown economic crisis because of the blockade. Specifically, the budget revenues from the exports of energy resources fell more than 80%.
Oil industry in Libya accounts for about 96% of budget revenues.
Before the civil war of 2011, Libya, which is an OPEC member, produced 1.6 million barrels of crude oil a day.