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Conflict in Libya sharply reduced living standards

The conflict in Libya has cost tens of billions of dollars in lost oil revenue, damaged infrastructure, and sharply reduced living standards.

Nearly 400,000 Libyans have been displaced over the past nine years. Thousands more have died.

Fighting stopped in June but both sides have continued to mobilise. The ceasefire call by GNA head Fayez al-Sarraj proposed demilitarising Sirte, allowing an oil restart by freezing revenues until a political deal is reached, and elections in March.

OPEC member Libya holds Africa’s largest oil reserves, producing 1.6 million barrels per day before 2011. Blockades have caused output to fluctuate sharply since then.

Production climbed to around one million bpd from late 2016, then plunged to less than 100,000 bpd as the LNA’s allies closed ports and pipelines in January.

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