18 Hrs
Source:
عين ليبيا
Libya's Oil Wealth Faces Crisis
Libya is facing an escalating fuel crisis that has caused ongoing power outages, water shortages, and the closure of bakeries. Despite having the largest oil reserves in Africa, approximately 48 billion barrels, and an production capacity of about 1.4 million barrels per day, the crisis persists. It is attributed to a weak energy infrastructure and outdated systems, coupled with security disturbances and ineffective management. These issues have led to a deterioration of essential services and adversely affected the daily lives of both the economy and citizens. Although oil production has increased, these resources have not translated into stable services due to weak distribution networks, a lack of investment, and unstable policies. Security and economic challenges continue to hinder the effective maintenance of energy supplies and basic services.
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