{"id":254126,"date":"2025-06-29T09:17:00","date_gmt":"2025-06-29T07:17:00","guid":{"rendered":"https:\/\/sada.ly\/en\/?p=254126"},"modified":"2025-07-01T13:24:21","modified_gmt":"2025-07-01T11:24:21","slug":"african-news-site-libya-expected-to-earn-over-20-billion-in-oil-revenues-heres-why","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/african-news-site-libya-expected-to-earn-over-20-billion-in-oil-revenues-heres-why\/","title":{"rendered":"African News Site: Libya Expected to Earn Over $20 Billion in Oil Revenues \u2013 Here\u2019s Why"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The English-language African news outlet <em>APA<\/em> reported on Sunday that Libya is expected to earn over $20 billion in oil revenues by the end of the year\u2014provided current geopolitical tensions in the Middle East keep Brent crude prices above $100 per barrel.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The site noted that this potential increase in income would benefit Libya, despite its ongoing internal instability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to <em>APA<\/em>, Libya&#8217;s economy remains highly vulnerable to fluctuations in the global oil market, making it particularly exposed to price volatility.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Salem Al-Rumaieh, head of the General Union of Oil Workers in Libya, stated that the ongoing rise in oil prices will provide a strong boost to the country\u2019s overall economy, which relies heavily on hydrocarbon exports.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The report added that, despite institutional fragility, the expected revenues could bring about economic and financial shifts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, the site emphasized that Libya still depends heavily on its oil sector for economic stability due to a lack of structural diversification. The actual size of revenue, nonetheless, remains contingent on the stability of oil facilities\u2014which are often subject to internal conflict and prolonged shutdowns.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The English-language African news outlet APA reported on Sunday that Libya is expected to earn over $20 billion in oil revenues by the end of the year\u2014provided current geopolitical tensions in the Middle East keep Brent crude prices above $100 per barrel. The site noted that this potential increase in income would benefit Libya, despite [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":254127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[613,614,807],"class_list":["post-254126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-libya","tag-oil","tag-oil-revenues"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>African News Site: Libya Expected to Earn Over $20 Billion in Oil Revenues \u2013 Here\u2019s Why - Sada Newspaper<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sada.ly\/en\/african-news-site-libya-expected-to-earn-over-20-billion-in-oil-revenues-heres-why\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"African News Site: Libya Expected to Earn Over $20 Billion in Oil Revenues \u2013 Here\u2019s Why - Sada Newspaper\" \/>\n<meta property=\"og:description\" content=\"The English-language African news outlet APA reported on Sunday that Libya is expected to earn over $20 billion in oil revenues by the end of the year\u2014provided current geopolitical tensions in the Middle East keep Brent crude prices above $100 per barrel. 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