November 27, 2013 / 2:54 PM / 6 years ago

Libya will be unable to pay salaries if oil strikes continue: PM

TRIPOLI (Reuters) - Libya will be unable to pay public salaries and might have to borrow to meet its budget obligations if strikes blocking oil exports continue, Prime Minister Ali Zeidan said on Wednesday.

“We are facing a financial crisis,” Zeidan told reporters. “Oil revenues are down to 20 percent (of previous levels).”

Reporting by Ulf Laessing; Editing by Patrick Graham

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