Cost to citizens from valve blackmail and crises
This article summarizes the structural crisis facing Libya's oil sector, where the sovereign resource has become a tool for blackmail and conflict, leading to significant financial losses and a deterioration of the national economy. The loss of 130,000 barrels per day amounts to approximately $390 million monthly and $4.7 billion annually, putting pressure on government funding and foreign reserves. Experts emphasize the necessity of refusing to succumb to legal extortion, holding individuals responsible for shutting down oil facilities, and recommend strengthening the protection of the oil infrastructure along with implementing strict legal measures to address forced closures. It is also noted that continued disruption of refineries and pipelines raises demand for foreign currency, increases inflation, and causes a decline in the exchange rate, with the risk of escalating technical and economic damage. They stress that a firm stance from the state is required—no negotiations with threats—and the activation of legal mechanisms to safeguard the people's resources from extortion.
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