Libya's Fuel Import Bill Hits $8.9B Amid 30-40% Smuggling Losses

Libya, despite its oil wealth, spent $8.9 billion on fuel imports over nine months, with an estimated 30-40% of subsidized fuel smuggled out. Regulatory irregularities point to systemic mismanagement of oil resources, undermining fiscal stability and energy security. The scale of smuggling and import dependency signals a deepening governance failure in the energy sector.

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