Libya's trajectory in 2024 has been defined by a familiar narrative: a fractured nation grappling with the repercussions of a broken state, where elites compete over wealth and territorial control. The year ahead holds both the faintest glimmer of hope and the looming risk of renewed conflict.
An overview of key stories in Libya's energy sector, including oil production updates, infrastructure challenges and market trends for the week ending on Friday, Nov 8, 2024.
An overview of key stories in Libya's energy sector, including oil production updates, infrastructure challenges and market trends for the week ending on Friday, Oct 25, 2024.
News and expert analysis on Libyan politics, economic development and the country's security landscape.
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.
The Central Bank of Libya faces turmoil as PM Dabaiba ousts Governor al-Kabir, deepening political rifts. The Presidential Council's unilateral actions jeopardize its neutrality, while international mediation falters.
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.
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.
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.
For the second time in 2024, Libya hosted an international conference on migration.
Violent clashes involving light and medium weaponry have become a staple in the western coastal city of Zawiya, most of the time in densely populated neighborhoods. The presence of organised crime looms large, with rampant instances of assassinations, kidnappings, and torture.
Far from being a sudden breakthrough that could lead to unify Libya’s executive authority, this budget further solidifies the country’s status quo and formalises the CBL Governor Sadiq al-Kabir’s double game in funding both rival governments in Libya.
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