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 week’s Political Risk report, Libyans did not enjoy this year’s 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 country’s 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 Forces’ (IDF) war on the Gaza strip following Hamas’ October 7 attack on Israel are also to be found in Libya and could impact the country’s foreign relations as well as its internal conflict dynamics.
Following Wagner leader Yevgeny Prigozhin’s death, a cloud of uncertainty was cast on the group’s operations in North Africa. However, recent events are starting to provide a glimpse into the potential ramifications that Wagner’s presence in Libya could have on the country’s 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.
Libya’s National Oil Corporation (NOC) doubles down on its plans to bring additional players to develop the country’s energy sector.
Turkish President Recep Tayyip Erdogan’s re-election is dampening hope for an overhaul of regional geopolitics, but could give way to gradual improvements in countries like Libya.
This article examines the current situation of illegal migration in the eastern region, with particular focus on the city of Tobruk and other municipalities around it, and offers some policy recommendations on how to deal with the issue.
