Libya is increasing its engagement with foreign partners and becoming more proactive in its efforts to raise oil output in line with the National Oil Corporation's strategic vision.
A second week of efforts to reach a peaceful solution to the ongoing tensions in Tripoli has failed. Neither of Libya’s rival groups have attempted serious reconciliation efforts until now, and within the past month, have depleted most mediators capable of helping.
Libya's oil and gas production has seen a gradual increase in recent months, reaching 1.24 million barrels per day (bpd) as of April 2024. However, the infrastructure remains vulnerable to various threats.
Despite widespread opposition to a potential deal, this new development brings back the Eni-led consortium to the fold and could draw major political battles in the coming weeks.
Recent reports of Russian arms deliveries to Libya via Tobruk's port have sparked a flurry of speculation and raised serious concerns about Russia's growing involvement in the Libyan conflict.
Primarily focused on the energy and migration files, Giorgia Meloni’s Italian government has pursued a pragmatic approach toward Libya, whereby any interlocutor is appreciated as long as they can satisfy Italian interests.
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 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.
