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.
Belgasim Haftar's rise as Director General of Libya's Development and Reconstruction Fund positions him as a key player in Libya's reconstruction efforts and marks a shift in political dynamics, with important implications for infrastructure projects across the country.
The recent Cairo meeting between Libya's HoR and HCS has sparked renewed hope for a unified government, gaining support from various stakeholders. As Misrata pushes for political reconciliation, the UN emphasizes an inclusive electoral process, while distrust remains towards the current leadership.
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.
Belgasim Haftar's rise as Director General of Libya's Development and Reconstruction Fund positions him as a key player in Libya's reconstruction efforts and marks a shift in political dynamics, with important implications for infrastructure projects across the country.
The recent Cairo meeting between Libya's HoR and HCS has sparked renewed hope for a unified government, gaining support from various stakeholders. As Misrata pushes for political reconciliation, the UN emphasizes an inclusive electoral process, while distrust remains towards the current leadership.
Western Libya's security crisis continues to deepen with escalating clashes, targeted killings, and government indifference. Zawiya faces chaos as officials admit lack of control, while violence in Tripoli and border tensions with Tunisia threaten overall stability.
Last week, members of the House of Representatives and the High Council of State met to lay the groundwork for the formation of a new unity government and the holding of general elections. This opens Libya up to a highly fraught scenario.
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Despite a minor blowout in July, Libya's NOC is steadily increasing oil production, reaching 1,276,344 barrels per day. With projections of 1.5 million barrels daily by mid-2025, the focus remains on reviving old wells and exploring new opportunities in resource-rich regions.
A U.S. delegation, led by AFRICOM leaders, engaged with key Libyan figures to enhance counterterrorism and military collaboration, aiming to counter Russian influence. As Libya's political landscape shifts, the U.S. seeks strategic partnerships to address complex security challenges.
The National Oil Corporation (NOC) says a new pipeline from the North Hamada oil field will help it meet short-term development targets, as it continues working towards the ambitious goal of bringing Libyan crude production to 1.5 million bpd by 2025 and 2 million bpd by 2027.
So far, 2024 has been defined by electoral upheavals that reflect public dissatisfaction with the status quo and mainstream politics. It remains to be seen whether Libya's upcoming municipal elections can help the country rid itself of its own status quo and make way for a new political class.
Interior Minister Emad al-Trabelsi lambasted armed groups, fuel smuggling, government mismanagement, and the use of Libya as a hub for smugglers. However, he did not convey confidence in the Interior Ministry's ability to meet Libya's ongoing security challenges.
Stephanie Koury, the newly appointed Acting Head of the United Nations Support Mission in Libya, delivered her first briefing to the UN Security Council. She underscored the need for a political agreement to break the current stalemate and pave the way for credible elections in Libya.
Despite manifold challenges, including the lack of a budget, the High National Elections Commission (HNEC) has pushed ahead with its plan to hold municipal elections and adopted a softer and more pragmatic approach.
So far, 2024 has been defined by electoral upheavals that reflect public dissatisfaction with the status quo and mainstream politics. It remains to be seen whether Libya's upcoming municipal elections can help the country rid itself of its own status quo and make way for a new political class.
Stephanie Koury, the newly appointed Acting Head of the United Nations Support Mission in Libya, delivered her first briefing to the UN Security Council. She underscored the need for a political agreement to break the current stalemate and pave the way for credible elections in Libya.
Despite manifold challenges, including the lack of a budget, the High National Elections Commission (HNEC) has pushed ahead with its plan to hold municipal elections and adopted a softer and more pragmatic approach.
Despite the High National Elections Commission's (HNEC) preparations, a combination of financial hurdles, political infighting, and security concerns is casting a shadow over the electoral process.
Despite a minor blowout in July, Libya's NOC is steadily increasing oil production, reaching 1,276,344 barrels per day. With projections of 1.5 million barrels daily by mid-2025, the focus remains on reviving old wells and exploring new opportunities in resource-rich regions.
The National Oil Corporation (NOC) says a new pipeline from the North Hamada oil field will help it meet short-term development targets, as it continues working towards the ambitious goal of bringing Libyan crude production to 1.5 million bpd by 2025 and 2 million bpd by 2027.
This year’s conference coincides with reports of a highly anticipated new licensing round for onshore and offshore concessions –which would be the country’s first since 2005– and the NOC's ambitious plan to reach 2 million barrels of oil per day (bpd) by 2030.
There have been a number of unconfirmed reports emerging regarding non-Western International Oil Corporations being in direct contact with Benghazi-based authorities to develop the region’s vast energy resources.
Interior Minister Emad al-Trabelsi lambasted armed groups, fuel smuggling, government mismanagement, and the use of Libya as a hub for smugglers. However, he did not convey confidence in the Interior Ministry's ability to meet Libya's ongoing security challenges.
Launched in March 2020 by the EU's Foreign Affairs Council and in response to recommendations from the Berlin Conference on Libya, Operation Irini aims to enforce arms embargo decisions following the armed conflict in Libya.
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.
Tripoli’s untenable security environment eventually flared up with major conflict disrupting civilian life in the capital and continuous kidnappings reflecting militias’ absolute rule.
A U.S. delegation, led by AFRICOM leaders, engaged with key Libyan figures to enhance counterterrorism and military collaboration, aiming to counter Russian influence. As Libya's political landscape shifts, the U.S. seeks strategic partnerships to address complex security challenges.
There have been a number of unconfirmed reports emerging regarding non-Western International Oil Corporations being in direct contact with Benghazi-based authorities to develop the region’s vast energy resources.
The geopolitical ramifications of the Israeli Defence Forces’ (IDF) war on the Gaza strip following Hamas’ October 7 attack on
Following Wagner’s Prigozhin’s death, a cloud of uncertainty was cast on the group’s operations and future prospects
Interior Minister Emad al-Trabelsi lambasted armed groups, fuel smuggling, government mismanagement, and the use of Libya as a hub for smugglers. However, he did not convey confidence in the Interior Ministry's ability to meet Libya's ongoing security challenges.
Horrific imagery of dead migrants in the desert border between Tunisia and Libya showcase an overwhelming humanitarian situation. The slow-moving military track should see better international coordination to tackle such mounting problems.
New laws severely affecting migration in Libya and renewed opposition to Turkish military presence in the country reflect an increasingly xenophobic and securitised environment likely to affect foreign relations.
Once more, an overcrowded fishing boat sank off Greece’s coast, claiming the lives of migrants departing from Libya and highlighting the terrible humanitarian conditions ongoing in the Mediterranean.
Libyan investments across Africa are increasingly at risk of being nationalised by governments that are seeing opportunities to leverage mismanagement in Libyan institutions for their own gain.
The Central Bank of Libya (CBL) released revenue and expenditure data for the Libyan state covering the period from January to April 2024, saying it was committed to “heightened levels of disclosure and transparency, aiming to raise awareness of the economic and financial reality of the state.”
On Tuesday, the House of Representatives approved a 90 billion Libyan Dinar budget for the eastern-based Government of National Stability. Given the politics at play, will the Central Bank of Libya actually disburse these funds to the eastern-based government?
Experts have highlighted multiple risks to the Libyan economy, including falling global oil prices and demand, disruptions in Libyan oil production due to political tensions, and rampant government spending exacerbated by the lack of a unified budget.
A U.S. delegation, led by AFRICOM leaders, engaged with key Libyan figures to enhance counterterrorism and military collaboration, aiming to counter Russian influence. As Libya's political landscape shifts, the U.S. seeks strategic partnerships to address complex security challenges.
Stephanie Koury, the newly appointed Acting Head of the United Nations Support Mission in Libya, delivered her first briefing to the UN Security Council. She underscored the need for a political agreement to break the current stalemate and pave the way for credible elections in Libya.
Launched in March 2020 by the EU's Foreign Affairs Council and in response to recommendations from the Berlin Conference on Libya, Operation Irini aims to enforce arms embargo decisions following the armed conflict in Libya.
Libyan investments across Africa are increasingly at risk of being nationalised by governments that are seeing opportunities to leverage mismanagement in Libyan institutions for their own gain.
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