Libya is attempting to revitalize its energy ... of Western oil companies from the Libyan market. The country's oil reserves are estimated at 48 billion barrels, attracting interest from energy ...

Oil-dependent governments are coming under pressure from the lowest crude prices since the COVID-19 pandemic, with officials ...

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

Tripoli's vast oil reserves, managed by the National Oil Corporation (NOC), have become a focal point for illicit activities, exacerbating political rivalries and national instability. Both the ...

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

Libya, holding Africa's largest proven oil reserves, has struggled to maintain consistent output levels due to internal conflicts and infrastructure damage since 2011. "This marks a significant ...

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 ...

OPEC is planning to increase its oil production quotas, but Trump's tariffs and threats to other nations will cause prices to ...

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, which is home to Africa’s largest oil reserves and can produce more than 1.3 million barrels a day, has been plagued by upheaval since the chaotic ouster of long-time ruler Moammar Al-Qaddafi ...