22 Hrs
Source:
عين ليبيا
Libya's Fuel Crisis and Governance Failures
The article discussed the failure of Libya's oil sector management in addressing the gasoline and diesel shortage crisis. It attributed the crisis to poor administration and widespread corruption, rather than solely to international tensions such as the Ukraine war or the Hormuz Strait issue. The writer explained that over 85% of the country's fuel needs are imported from refineries in the Mediterranean, and incorporating the Hormuz Strait into the justifications demonstrates a lack of understanding of basic oil trade fundamentals. He emphasized that the true causes of the crisis are related to non-transparent policies, including managing barter deals outside of oversight, smuggling large quantities of subsidized fuel abroad, and neglecting the development of local refineries. These issues reflect weak governance and high levels of corruption.
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