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Oil field seizures, strikes cost Libya $7 billion in lost oil exports

December 10, 2013 - 6:00am

Libya has lost more than $7 billion in oil exports because of oil field seizures and strike actions, the country's Oil Minister Abdelbari al-Arusi said.

Mr. Arusi said oil production had dropped 82% since July, Ventures Africa reported. The strike action could further hamper economic activities.

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