News Libya: Repsol Libya Branch discovers oil in Libya’s Murzuq basin
Repsol Libya Branch made a new oil discovery about 800 km south of Tripoli. An exploration well is producing about 763 bo/d from the Mummiyat formation. Repsol Libya Branch (REMSA) and Libya's ...
News Libya: Is Libya quietly becoming the biggest oil prize the West can't afford to ignore?
Libya has boosted crude production to a 13-year high of nearly 1.5 million bpd and is targeting 2.1 million bpd within three to five years, supported by OPEC's stronger long-term oil demand outlook.
News Libya: Libya Energy & Economic Summit: Over $20B in Deals Highlight Renewed Global Confidence
The Libya Energy & Economic Summit (LEES) has established itself as Libya’s premier gateway for upstream capital, consistently...
News Libya: Libya food imports fall as turmoil disrupts deliveries
LONDON/CAIRO - Imports of food, including wheat, are dropping sharply to Libya, which has the highest per capita bread consumption in the world, as foreign shippers run scared of making direct deliveries due to worsening turmoil.
News Libya: Libya, Morocco discuss strengthening cooperation in employment, and training
Minister of Labour and Rehabilitation, Government of National Unity, Ali Al-Abed, met with the Moroccan Minister of Economic Integration, Small Businesses, Employment, and Skills, Younes Sekkouri, in Rabat to discuss ways to enhance cooperation between Libya and Morocco in the areas of employment, vocational training, and skills development.
News Libya: Structured Dialogue's Economic Track members warn of rising public debt
Members of the Economic Track of Libya’s Structured Dialogue have warned that the continued rise in public debt and worsening structural imbalances in the Libyan economy will place increasing pressure on public finances, foreign exchange reserves, and the value of the Libyan dinar unless meaningful reforms are implemented.
News Libya: Libya restricts agricultural pesticide imports to European, US and Canadian products
Libya’s Minister of Economy and Trade, Suhail Abu Shiha, has issued a decision regulating the import of agricultural pesticides, limiting imports to products of European, US and Canadian origin as part of efforts to strengthen public health protection, food security and oversight of pesticides circulating in the Libyan market.
News Libya: Libya falls to 4th place among Africa’s largest importers of Brazilian meat
Libya’s imports of Brazilian meat declined in 2025, causing the country to lose its position as Africa’s second-largest importer of Brazilian meat products in 2024 and fall to fourth place on the continent. According to data published by Economic and Financial Affairs Council (ECOFIN), Libya imported approximately 74,965 tonnes of Brazilian meat in 2025, a noticeable decline compared with the previous year, when it ranked second in Africa amid strong domestic demand for imported meat.
News Libya: As Libya Oil Output Hits 12-Year High, Revenues Trickle In
While Libya reports record oil production, central bank bottlenecks and import costs delay recovery. | Global Finance Magazine ...
News Libya: Libya: Has the Stability of the Dinar Become a Security Issue?
In recent months, security and economic developments in Libya no longer appear as separate tracks as they once did. There is now a clear intersection between financial and security affairs, suggesting that the state has begun to view the economy not merely as a matter of numbers and monetary policies, but as part of the broader equation of political stability itself.
News Libya: Italy looks to Libyan gas fields to replace supply shortages from Iran war
The conduit, run jointly by Italian energy giant Eni and Libya's National Oil Corporation, currently provides Italy with the excess gas that Libya doesn't consume domestically. However, transit has ...
News Libya: Libyan Investment Authority’s post-Gaddafi plans revealed
Thanks to exhaustive efforts by Deloitte – at least the fourth big advisory name to work for the LIA, following Ernst & Young, Mercer and KPMG – Breish can now state with confidence that the fund has ...
News Libya: Libya Set to Announce First Oil Bid Round Since 2011
Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Beleaguered North African oil producer Libya is set to announce within ...
News Libya: How to Help Libya’s Flood Victims
Gordon was a reporter for TIME, based in the London bureau. Gordon was a reporter for TIME, based in the London bureau. At least 11,300 people have died and more than 10,000 are believed missing after ...
News Libya: Libyan officials warn Derna flood death toll could reach 20,000
The failure to maintain basic infrastructure and to prepare emergency response policies, flowing from the 2011 NATO war in Libya that plunged the country into an ongoing 12-year civil war, has exacted a horrific human cost.
News Libya: Derna, Libya: Floods, Death, and Destruction: The Gift of NATO
After the two dams broke in Derna, eastern Libya on Monday September 11, 2023, more than 11,300 persons were killed. There are over 11,000 still missing one week later. All the major international ...
News Libya: Storm-ravaged Libya faces a long road to recovery as humanitarian groups ask for $71 million in aid
Libya’s vast oil and gas reserves, which are the biggest in Africa, remain the dominant source of revenue. While terminals initially closed, the storm has not impacted Libya’s output which sits around ...
News Libya: Libyans grapple with fresh currency devaluation
Already worn down by years of political turmoil and economic hardships, Libyans are now facing a sharp deterioration in their purchasing power after a sudden devaluation of the Libyan dinar.Experts have said the national currency's exchange rate decline came as a consequence of ballooning public expenditures by the country's rival governments in recent years.Libya has Africa's most abundant hydrocarbon reserves, but it is struggling to recover from years of conflict after the 2011 NATO-backed uprising that overthrew longtime dictator Moamer Kadhafi.
