Both Egypt and Turkey are determined to open a new chapter in their relations and act in cooperation on several files instead of seeing one another as rivals. This diplomatic trend opens new avenues for Libya and its accentuation throughout 2024 is likely to impact domestic politics.
With every passing week, western Libya increasingly demonstrates how unsustainable the status quo is, as the facade of stability hangs on a thread.
This time, Gaddafi's comeback seems to have a military dimension to it, along with an impressive social component that makes this attempt considerably more compelling than any of his past failed attempts.
Slowly but surely, Libya seems to be creeping closer towards becoming the next competing ground for the U.S.-Russia rivalry.
As explained in this weekâs Political Risk report, Libyans did not enjoy this yearâs Eid al-Fitr as a result of the piling economic issues such as the liquidity
For close to three weeks, southern Libyan protesters managed to block production at the countryâs largest oilfield, al-Sharara, thus dropping overall crude production by 20% to 950,000 barrels per day.
The 2022 Audit Bureau report highlights the problem of smuggling subsidised fuel, costing Libya about 5 billion USD annually. Libya exchanges crude oil for fuel without proper oversight, making it challenging to track fuel purchases and smuggling.
The geopolitical ramifications of the Israeli Defence Forcesâ (IDF) war on the Gaza strip following Hamasâ October 7 attack on Israel are also to be found in Libya and could impact the countryâs foreign relations as well as its internal conflict dynamics.
Following Wagner leader Yevgeny Prigozhinâs death, a cloud of uncertainty was cast on the groupâs operations in North Africa. However, recent events are starting to provide a glimpse into the potential ramifications that Wagnerâs presence in Libya could have on the countryâs oil and gas sector.
The Libyan authorities are preparing for a new round of oil and gas licences in 2024 after a hiatus of over 17 years. However, comprehensive maps for untapped gas regions have not been drawn up yet.
Libyaâs National Oil Corporation (NOC) doubles down on its plans to bring additional players to develop the countryâs energy sector.
Turkish President Recep Tayyip Erdoganâs re-election is dampening hope for an overhaul of regional geopolitics, but could give way to gradual improvements in countries like Libya.
