LIBYA: news on Economy in real time
LIBYA and Mediterranean countries: news on Economy in real time.
Libya: Speaker of the Libyan Parliament, Aqila Saleh ordered the…
The Libyan parliament believes that the redistribution of the oil windfall should adapt to the new realities of the energy market, marked by a major spike in oil and gas prices.Monday 30 May 2022
Libya: What is the situation of its oil activity knowing…Wednesday 25 May 2022
Libya: The conflict between the United States and Russia invites…Saturday 21 May 2022
Libya: The political crisis has serious consequences on the country's oil production and repercussions on international oil prices aggravated by the war in Ukraine
Since the appointment of Fathi Bachaga as the new Prime Minister by Parliament last February and the refusal of former Prime Minister Abdel Hamid Dbeiba to cede power, Libya has faced a political stalemate threatening its oil production. In addition to directly impacting the Libyan population, the situation has repercussions on international prices, while the Ukrainian conflict has already led to a significant increase in oil and gas prices.Saturday 14 May 2022
Libya: What are the consequences of the war in Ukraine on the grain supply ?
Libya is heavily dependent (88%) on imports, mainly from Ukraine and Russia, for its cereal needs. The Libyan compensation system for basic necessities has been failing since 2011, which has caused tensions with producers, affected their activity and made prices sensitive to economic fluctuations. The consequences of the war in Ukraine will therefore be significant for the country, while grain prices are soaring on the international market and supplies are likely to become increasingly difficult.Saturday 16 April 2022
Libya asks Tunisia and Turkey for supplies of basic products following the war in Ukraine
Since the outbreak of the war in Ukraine, tensions related to the supply of basic products have been exacerbated in Libya. In this sense, shortages of oil and flour have been noted. This phenomenon is likely to be accentuated by the decisions of Tunisia and Egypt to stop their exports of basic products.Monday 28 March 2022