Libya: Energy Crisis in a Oil-Rich Country

Libya is experiencing an unprecedented energy crisis despite its proven reserves of 48 billion barrels of oil and a production of about 1.5 million barrels per day. Power outages severely disrupt daily life, causing losses for shopkeepers and spoiled food. The country only produces one-third of the fuel it consumes, leading to massive imports, with expenditures reaching $7.8 billion last year.