Libya’s Economic Chaos Is Worsening As Result OF Global Oil And Gas Supply Crisis – OpEd

Libya sits on the largest known oil reserves in Africa and is heavily dependent on revenues from oil and gas exports. In more recent years, it has been controlled at various points by rebels and the Islamic State (IS) group. As a result of that, oil and gas declined by 50% in 2022 to 145,000 barrels per day, and oil production...