Exports

Political turmoil cuts Libya’s oil output by over 60 pct

Libya’s crude oil exports have plummeted due to a political crisis that has shut down much of its oil production.

Italy’s Eni plans to resume exploration activities in Libya’s Ghadames Basin next year, despite ongoing political instability.

Rail bottlenecks have significantly hindered South Africa’s coal exports, but Thungela CEO believes the worst is over.

This boost comes as the key harvest season is underway for the country’s biggest export.

Egypt’s exports to Africa are on fire, exceeding expectations and reaching $6 billion by October. Marble, cement, and fertilizers lead the charge.