28 Days
Source:
اقتصاد
Libya power outages worsen losses
Libya is facing a severe crisis of power and fuel shortages, as heatwaves, fuel smuggling, and deteriorating infrastructure have caused significant losses to individuals and businesses. Power outages occur more than ten times daily in some areas. During these blackouts, residents and business crews are forced to rely on private generators, which cost around $1,600 per day to operate. This situation hampers ongoing activities, leading to layoffs and temporary closures of shops. Reports indicate that the energy crisis is worsening due to declining natural gas production, fuel smuggling—which costs the country approximately $6.7 billion annually—and the destruction of storage tanks and the deterioration of oil refineries. This situation is part of a deeper problem rooted in corruption and institutional dysfunction, reflecting failures in resource management and the country's basic needs.
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