Libya Economy Facts
Economical overview Libya’s economy is completely dominated by the oil and gas sector, which before the civil war in 2011 accounted for almost all the state’s revenue and basically all exports. Oil production has...
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Libya Between 1963 and 1974
On April 27, 1963, with a royal proclamation, the Libya was transformed into a unitary state. Executive power was centralized in the hands of the Council of Ministers, and consequently the Administrative Councils of...