Sunday, August 31, 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

Is Dbaiba Preparing Tripoli for a New War?

UN Mission Warns of “Dangerous Escalation” in Libya’s Tripoli

Libyan Airlines Offers Compensation to Passengers over Istanbul–Tripoli Flight Cancellation

Libyan MP Accuses Dbaiba of Fueling Conflict in Tripoli

African Union Welcomes UN Roadmap to End Libya’s Crisis

Libyan Parliament Calls for Withdrawal of All Foreign Forces from Libya

EDITOR PICKS

Spain Detains Cargo Ship Suspected of Carrying Weapons to Libya

Libya’s GECOL Reopens Gas Line to Prevents Nationwide Blackout in Libya

Libya Risks Nationwide Blackout Amid Fuel Crisis

Libya & Kurdistan Discuss Cooperation

Libyan Airlines Offers Compensation to Passengers over Istanbul–Tripoli Flight Cancellation

UN Mission Warns of “Dangerous Escalation” in Libya’s Tripoli

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

© 2024 LR

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

© 2024 LR