Wednesday, June 25, 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

Libya’s Benghazi Hosts Major Italy-Libya Business Event

Italian PM Urges EU to Prioritise Libya’s Stability

Libya Tops Agenda in Egypt-Turkey Talks

Libya to Benefit from Global Oil Price Surge

Greece to Deploy Navy Near Libya to Monitor Migrant Departures

Libya’s Benghazi Hosts International Exhibition on Telecommunications & Digital Economy

EDITOR PICKS

Saddam Haftar Meets Egyptian Army Chief to Boost Joint Security Plans

Greece Reaffirms Willingness to Negotiate Sea Borders with Libya

Italy Resumes Direct Flights to Benghazi

Global Powers Support UNSMIL Roadmap to Resolve Libyan Crisis

US Reaffirms Support for Berlin Process & Libyan Political Roadmap

UN Envoy Urges Support for New Political Roadmap in Libya

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

© 2024 LR

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

© 2024 LR