Libya’s economy is projected to rebound in 2025, supported by the expansion of oil production, the International Monetary Fund has said. The growth is likely, however, to moderate in the medium term, ...

Libya’s central bank devalued the dinar by 13% as the divided OPEC member grapples with a decline in crude revenue that a ...

Libya’s latest oil and gas licensing round roadshow will be held in Istanbul on 17 April, as part of the country’s efforts to ...

In late March 2024, Mardi, an oil products tanker ... largest member by reserves. Revenues from smuggling have been “undergirding the stability that we see in Libya”, says Tim Eaton, senior ...

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 ...

The Central Bank of Libya (CBL) devalued the dinar on April 6 as declining oil revenues and spending by the country’s two ...

The next Article IV mission is expected in the Spring of 2026. The mission thanks the Libyan authorities and other ...

After the leadership dispute at the Central Bank impacted oil production and exports-and consequently Libya's economic growth last yea ...

The Nigerian Upstream and Petroleum Regulatory Commission (NUPRC) has disclosed that Nigeria's official petroleum reserves ...

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 ...

LONDON, April 7 (Reuters) - Libya is set to offer 22 areas for oil exploration and development in its first such bidding round in more than 17 years, oil officials said on Monday, adding that ...

The Walcot Group, a prominent Nigerian oil firm, has announced the successful bid for three oil blocks in Angola, containing ...