Libya
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HALLIGAN: Power struggle in OPEC+ is pulling oil prices down
The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y — the sharpest monthly drop since November 2021 — partly due to a global slowdown, but more due to a power struggle within OPEC+.
Oil is a major source of income for eight African countries – OWID
Oil production plays an important role in the economy of many African countries. The chart shows oil rents as a percentage of gross domestic product (GDP) for the nine African nations most reliant on it, Our World in Data reports.
Force majeure at Libya’s Zawiya Refinery threatens exports and oil expansion plans
The declaration of force majeure at Libya’s Zawiya Refinery by Libya’s National Oil Corporation on December 15 has put plans to boost crude production in doubt and raised concerns over NOC's ability to meet its oil export obligations.
Russia, facing loss of Syrian base for Africa operations, seen turning to war-torn Sudan or divided Libya
If Putin wants to quickly develop Port Sudan as an alternative to Russia's naval base in Syria, he may need to finally pick a side and align with the SAF, who control the area. Meanwhile, Russia is already landing military aircraft in Libya.
Libya’s mineral riches: unlocking a future beyond oil
Libya — a country marked by years of political instability and economic chaos — has the opportunity to transform its economy through its vast reserves of critical minerals.