Business & Economy

The Libyan economy.. Huge amounts of oil and gold

The head of the Libyan National Unity Government, Abdel Hamid Dabaiba, said today, Friday, that the Libyan desert “contains a lot of gold,” noting that “there is an abundance of oil and solar energy” in the country.
He added, during his speech at the “Ambrosetti Forum” in northern Italy, that “Libya possesses enormous wealth,” adding that “its population is very small, and it has a limited GDP.”
He pointed out that “our country today has more than 40 billion barrels of oil ready for export,” stressing that “the structural imbalances that occurred due to the events of the past decades must be resolved to allow the country to progress.”

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