Libya News » Murzuq News Libya » Murzuq » Economy: How Libya’s Small Businesses and Trade Networks Are Sustaining Stability
A new African Development Bank report says Libya’s private sector, especially small businesses and informal trade networks, has become a key force sustaining livelihoods and stability after years of ...
News Libya » Murzuq » Economy: Repsol Restarts Oil Exploration in Libya After a Decade
The Spanish energy giant,Repsol, S.A. REPYY, recently returned to Libya’s energy scene with its exploration activities in the Murzuq Basin after a hiatus of more than a decade. On Dec. 31, 2024, the ...
News Libya » Murzuq » Economy: From wells to budget: Where does Libya’s oil money go?
Libya depends on oil for nearly 98% of its income. Yet a central question persists: How are those revenues collected and spent in a country divided between rival governments? And why do Libyans ...
News Libya » Murzuq » Economy: Repsol Libya Branch discovers oil in Libya’s Murzuq basin
This discovery well in Libya's Murzuq basin was the fifth of eight well commitments under the agreement signed in 2008. Repsol Libya Branch made a new oil discovery about 800 km south of Tripoli. An ...
News Libya » Murzuq » Economy: Libya needs up to $40 billion to develop its oil and gas sector
Libya, which holds Africa’s largest proven oil reserves, needs investment of up to $40 billion as it aims to boost production and become a reliable global supplier. Libya’s National Oil Corporation ...
News Libya » Murzuq » Economy: Repsol Restarts Oil Exploration in Libya After a Decade
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