Oil blockades hurt Libyan economy
1,477 views · Published 12 March 2014 · 2:14 · Indexed 10 November 2026
Channel: Al Jazeera English · 2014 · News & Politics
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 militias have blockaded four of the nation's oil production sites. In a nation where oil accounts for 70 percent of gross domestic product and more than 95 percent of state income and that's put Libya's fragile government in the red. Al Jazeera's John Hendren reports from the Libyan oil port of Zawayah.
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