Libya’s vast oil reserves have long been a source of both economic promise and political turmoil. While the official oil ...

Heavily subsidised fuels are being smuggled out of the country and sold abroad, helping sustain its rival political factions ...

The Central Bank of Libya (CBL) reaffirmed its commitment to providing foreign currency to meet the needs of the local market ...

Libya has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National ...

Oil continues to be an essential resource for economies worldwide, but particularly in Africa A lot of countries depend on oil for revenue collection, energy generation, and economic progress A ...

In January, Libya's acting oil minister, Khalifa Abdulsadek ... U.S. stocks rallied on Wednesday after the Federal Reserve kept rates unchanged as widely expected, and the central bank and ...

Gaddafi's huge fortune was made possible by Libya’s oil. The country has the largest proven oil reserves in Africa, with crude production forming more than 90% of export revenues. At its peak in ...

Libya’s oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. The Libyan government has officially launched the ...

Libya has launched its first exploration bid round in 17 years as part of a strategy to boost oil production by more than 50% ...

Libya has launched its first bidding round for oil exploration in more than 17 years, aiming to bolster its position in the global oil market and achieve a production target of two million barrels ...

Libya's Mabruk Oil Operations has resumed production after a ten-year pause due to a 2015 terrorist attack. Initial output is 5,000 barrels per day, with growth plans reaching 25,000 by July. This ...

The oil ministry declined to comment. Libya, currently Africa's second-largest ... including the expected upper limit of the Federal Reserve funds rate in May. ANALYSISIn TikTok sale, the White ...