The Governor of the Libyan Central Bank Al-Sadiq Al-Kabir has stated that the blockade on the oil ports in Libya is damaging the national economy.
Al-Kabir told Reuters on Friday that Libya could run a budget deficit in 2020 as a result of the blockade on the main oil ports and fields in the country.
He also said that oil now represents 93-95% of total revenue and covers 70% of total spending in the country.
“We really hope the crisis is resolved as fast as possible because it hurts everyone.” He indicated.
