Saturday, August 9, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

World Bank: Libyan Economy May Shrink by 60%

April 16, 2020
Share on FacebookShare on Twitter

The World Bank predicts that oil exporters in the Middle East and North Africa (MENA) region will lose more than 230 billion dollars of crude oil revenues this year, if oil prices remain at current levels.

According to the British “Global Plates” agency, the World Bank expected Libya, which has Africa’s largest proven oil reserves, to be the most affected in the MENA region. Its oil production has almost come to a complete standstill due to the current conflict and its expected that the Libyan economy will shrink by 60% as a result of the domestic blockade.

Tags: libyanational oil corporationoilWorld bank
Next Post

Tunisian President Affirms Support for GNA

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Greek Navy to Maintain Presence in Libyan Sea

Young Libyan Killed During Car Theft in West Libya

Benghazi Set to Host 1st Annual Arab Media Conference

Libya’s NOC & LIA Discuss Projects to Boost State Revenues

Greece Rejects Libya’s Maritime Claims in Letter to UN

Benghazi Hosts 1st WHO Training for Refugee Healthcare

EDITOR PICKS

Libyan Audit Bureau Clarifies Anti-Corruption Role

UN Mission Seeks Youth Input on Libya’s Political Process

Benghazi Hosts 1st WHO Training for Refugee Healthcare

Benghazi Set to Host 1st Annual Arab Media Conference

Libya’s NOC & LIA Discuss Projects to Boost State Revenues

Young Libyan Killed During Car Theft in West Libya

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR