IT

The treasure down the well

Back    Forward

The Libyan economy is in dire straits. The road to reviving its fortunes relies on kick-starting oil production once more. Investments are needed.

Years of internal strife and instability have taken a severe toll on Libya’s economy. Oil production, by far Libya’s most important source of income, was hit hard (nearly collapsing in 2016), followed by a cash crisis, inflation and electricity and food shortages. Amidst gridlock between two competing governments, continuous infighting among militias (including Islamic State) and failing UN attempts to install a unity government, efforts are taking place to bring Libya’s oil production back on line.

To keep reading, purchase the pdf file of this issue
To subscribe to the magazine please access our subscription page here

Continue reading this article and all other Eastwest and eastwest.eu content.

Subscribe for 1 year and gain unlimited access to all content on eastwest.eu plus both the digital and the hard copy of the geopolitical magazine for € 45, or gain 1 year of unlimited access to only the website and digital magazine for € 20

Subscribe



GUALA