Question:

How the Libya Crises can affect the other countries in their economy?

by Guest22939541  |  8 years, 11 month(s) ago

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I want to know that how can the Libya crises effect the economy of the other countries since Libya is one of the major Oil supplier of the Middle East.

 Tags: affect, countries, crises, Economy, libya

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1 ANSWERS

  1. Harry

    Libya produces 1.6 million barrels of oil each day out of the worldwide total of 87.5 million. Eni produces 250,000 barrels each day, while Repsol makes 34,000 barrels each day in Libya alone. Presently, certain oil and gas activities in the country have been temporarily suspended in a precautionary way. There is news that half of the oil production in Libya has been halted which has made oil prices rise to over $100 a barrel.

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