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

Libya's economy is expected to improve in 2025, driven by oil production growth, though non-oil sectors will maintain a 5-6% ...

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 ...

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, ...

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

Last year, the IMF estimates that oil production contracted ... supported by the revaluation of gold reserves by the European Central Bank. Earlier this month, Libya's Central Bank devalued ...

Washington, DC: The dispute over the leadership of the central bank last August and the associated disruption in oil production weighed ... to alleviate pressures on reserves. In the absence of ...

The supply of crude oil is limited, however, and cannot be increased further, since it has become increasingly difficult to find and develop new oil reserves in recent years. As a result ...

Despite its vast oil reserves, output remains below pre-2011 levels and the country lacks a robust industrial and agricultural sector. It is almost entirely dependent on imported food, medical ...

The supply of crude oil is limited, however, and cannot be increased further, since it has become increasingly difficult to find and develop new oil reserves in recent years. As a result ...