REUTERS. Libya is burning through central bank reserves and scrapping infrastructure projects to overcome its worst budget crisis in decades after the seizure of oil installations by armed groups has reduced the government's income almost to zero.
Oil exports - Libya's lifeline - fell to less than 100,000 barrels a day last week after militiamen shut down two large oilfields, compounding closures of ports in the east by rebel groups campaigning for regional autonomy.
Exports had exceeded one million bpd before armed militias, who helped oust Muammar Gaddafi…
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