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Libya Economy

Libya Economy

What are your experiences with Business and Finance in this country? Additional info at the country index.

Economy Libya

Libya's Zawiyah refinery back to normal: oil chief;

Activity has resumed at a key refinery in Zawiyah which supplies the capital and western Libya, after clashes between pro- and anti-regime forces that had forced it shut, Libya's oil chief said on Friday. Ref. Source 1

Libya Economy History & Civil Business Politics

World Bank ready to help Libya:

The World Bank said Monday it has been monitoring Libya's economic situation and would be guided by member countries on resuming its activities with the country. Ref. Source 9

Economy Libya

Libya bank denies receiving $20 billion:

The governor of Libya's central bank on Friday denied receiving roughly $20 billion in assets that were held overseas by Muammar Qaddafi's regime and frozen during the conflict that ousted him. Ref. Source 5

Economy Libya

Libya could go bankrupt, warns West:

War-torn Libya faces the prospect of bankruptcy, due to the dual problem of falling global oil prices and declining production in the country, the US and five European countries warned on Saturday. Ref. Source 8

Libya Economy

Libya to run out of cash as fighting takes its toll:

Libya will "Run out of money" In 18 months despite once being one of Africa's richest countries, officials have warned, as internecine fighting grinds its oil and gas industry to a halt. Ref. Source 5

Libya Economy

If the government continues to recognize themselves as the rulers of Libya and Tripoli while the rebels/opposition keep fighting them they'll eventually waste most resources of Libya. The only resource reliable as of currently is petroleum which gives them the money they need to survive.