An overview of key stories in Libya's energy sector, including oil production updates, infrastructure challenges and market trends for the week ending on Friday, Oct 18, 2024.
An overview of key stories in Libya's energy sector, including oil production updates, infrastructure challenges and market trends for the week ending on Friday, Oct 11, 2024.
An overview of key stories in Libya's energy sector, including oil production updates, infrastructure challenges and market trends for the week ending on Friday, Oct 4, 2024.
On August 18th, the Presidential Council reshuffled Libya's Central Bank leadership, ousting Sadiq al-Kabir amid rising tensions. This article provides a quick recap on the ongoing crisis.
Libya faces looming macroeconomic shocks as the Central Bank crisis deepens, risking social unrest amid rising prices and unstable infrastructure. With political divisions stalling solutions, ordinary Libyans may soon voice their frustrations, escalating tensions and uncertainty across the nation.
Libya's Central Bank leadership crisis deepens as opposing political factions reject dialogue, fueling an economic impasse. With oil output halved and conflicting narratives from former and current leaders, the nation faces a ticking time bomb for its economy.
August has seen escalating crises in Libya, with a fuel blockade crippling oil production and political tensions rising amidst contested elections. The National Oil Corporation faces pressure as competing factions threaten stability, while UN efforts to mediate remain untested and uncertain.
The Central Bank of Libya faces turmoil as PM Dabaiba ousts Governor al-Kabir, deepening political rifts. The Presidential Council's unilateral actions jeopardize its neutrality, while international mediation falters.
Libya faces a precarious future after a Central Bank takeover and an oil blockade, igniting fears of potential conflict and further economic collapse. With key stakeholders divided, this article examines what happened and what's next for Libya.
Far from being a sudden breakthrough that could lead to unify Libya’s executive authority, this budget further solidifies the country’s status quo and formalises the CBL Governor Sadiq al-Kabir’s double game in funding both rival governments in Libya.
Libyan investments across Africa are increasingly at risk of being nationalised by governments that are seeing opportunities to leverage mismanagement in Libyan institutions for their own gain.
The Central Bank of Libya (CBL) released revenue and expenditure data for the Libyan state covering the period from January to April 2024, saying it was committed to “heightened levels of disclosure and transparency, aiming to raise awareness of the economic and financial reality of the state.”
On Tuesday, the House of Representatives approved a 90 billion Libyan Dinar budget for the eastern-based Government of National Stability. Given the politics at play, will the Central Bank of Libya actually disburse these funds to the eastern-based government?
With every passing week, western Libya increasingly demonstrates how unsustainable the status quo is, as the facade of stability hangs on a thread.
Experts have highlighted multiple risks to the Libyan economy, including falling global oil prices and demand, disruptions in Libyan oil production due to political tensions, and rampant government spending exacerbated by the lack of a unified budget.
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