{"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>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>The site noted that this potential increase in income would benefit Libya, despite its ongoing internal instability.<\/p>\n\n\n\n<p>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>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>The report added that, despite institutional fragility, the expected revenues could bring about economic and financial shifts.<\/p>\n\n\n\n<p>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><\/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,"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":[],"_links":{"self":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/254126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/comments?post=254126"}],"version-history":[{"count":1,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/254126\/revisions"}],"predecessor-version":[{"id":254128,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/254126\/revisions\/254128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media\/254127"}],"wp:attachment":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media?parent=254126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/categories?post=254126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/tags?post=254126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}