Libya’s oil revenues drop to zero

Libya’s oil revenues fell to zero in January, the central bank said on Monday. Forces and tribesmen allied to eastern commander Khalifa Haftar have successfully blocked major oil ports.

Haftar is opposed to the internationally recognized government in Tripoli and has been trying to seize the capital for nearly nine months. Tribesmen and forces loyal to him closed all eastern ports and major fields last month.

The oil shutdown has caused losses approaching $1.8bn, the Tripoli-based central bank has said. The bank said it had not paid out any public salaries last month. The bank mainly works with the Tripoli government but also pays some public salaries in eastern Libya controlled by Haftar.