Libya’s energy sector remains both the backbone of its economy and a mirror of its political fragility. The announcement of its first international oil and gas licensing round in 18 years earlier this year has been a welcome development and triggered renewed interest from IOCs and investors.
In rare talks between the Haftars, the Dabaibas, and U.S. envoy Massad Boulous in Rome, discussions touched on Tripoli’s fragile stability and Libya’s oil sector, hinting at a potential shift that could redefine power dynamics in Libya.
State collapse in Iran may not be the most likely outcome of the current war with Israel, but U.S. involvement and attempts at regime change could lead this way, thus triggering serious regional instability.
August has seen escalating crises in Libya, with a fuel blockade crippling oil production and political tensions rising amidst contested elections. The National Oil Corporation faces pressure as competing factions threaten stability, while UN efforts to mediate remain untested and uncertain.
Libya faces a precarious future after a Central Bank takeover and an oil blockade, igniting fears of potential conflict and further economic collapse. With key stakeholders divided, this article examines what happened and what's next for Libya.
