Global oil prices reached $106 per barrel today, a high level that markets have not seen in years.
In Libya, a country whose economy relies heavily on oil, the value of oil revenues remains unclear and has not been transparently announced. No detailed disclosure has been made regarding their size or how they are being used, especially amid the continued rise of the dollar and the lack of clear data concerning the revenues transferred from the National Oil Corporation to the Central Bank of Libya.
It is worth noting that the continuation of the war could lead to even higher oil prices. However, Libya’s situation remains unclear despite being one of the oil-exporting countries.
