Procurement News Notice |
|
| PNN | 91713 |
| Work Detail | A catastrophic decline in oil sale revenues transferred to the state treasury, which cannot be explained by normal market factors, threatens to undermine the already shaky foundations of Libya’s governance. African Energy’s analysis of recently released data suggests that uneconomic barter deals, smuggling, mismanagement and corruption have cost the country tens of billions of dollars in the past three years, writes John Hamilton. |
| Country | Libya , Northern Africa |
| Industry | Energy & Power |
| Entry Date | 03 Mar 2025 |
| Source | https://www.africa-energy.com/news-centre/article/bonfire-billions-how-libya-squandering-its-hydrocarbons |
