The dispute over the leadership of the central bank last August and the associated disruption in oil production weighed on growth in 2024. Output is estimated to have contracted, driven by the forced ...

Exporting unrefined oil has granted the country’s elites “a new method of getting cash directly”, says Claudia Gazzini, a senior Libya analyst at the International Crisis Group, a think-tank.

Libya has devalued its currency by 13.3%, citing economic strain and political divisions amid rising debt and currency ...

However, the crisis also created serious challenges ... Fast-forward to today and Libya still sits on Africa’s largest oil reserves, making it a rich prize for regional and global powers.

Libya has launched its first oil and gas exploration bid round in 18 years, offering 22 offshore and onshore blocks under ...

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

The Central Bank of Libya’s recent decision to devalue the dinar by 13.3% and tighten access to foreign currency is being ...

TRIPOLI: Libya's Mellitah Oil and Gas Company said on Tuesday Norwegian contractor Borr Drilling's Vali rig will start drilling eight offshore gas wells for the group soon, with the aim of producing ...

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 ...

CAIRO, April 6 (Reuters) - Libya's central bank announced ... over control of the central bank that slashed oil output and exports. The crisis was resolved later in September following an ...