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A Struggle Over the Treasures of the Eastern Mediterranean
Despite the rapid developments unfolding behind its borders with Libya, Sudan, and the Gaza Strip, Egypt has continued to focus primarily on its maritime frontiers. For that reason, the issue of maritime boundaries with Libya in the Mediterranean Sea figured prominently in the discussions held by Libyan Field Marshal Khalifa Haftar during his visit to…
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The Hunt for Libya’s Billions
Fourteen years after the fall of Muammar Gaddafi, Libya’s frozen assets remain buried under layers of sanctions, bureaucracy, and mistrust, even as ordinary Libyans still lack the most basic living necessities – fuel, electricity, and public services. A new initiative led by Libya’s parliament has revived debate at the United Nations. It calls for the…
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The Triangle Deal: Power, Oil, and the UAE’s Hand in Libya
On a nameless side street in Benghazi, tucked between concrete buildings, the story of a mysterious company called Arkenu began. Within months of its founding in 2023, this unknown startup transformed into a giant—securing multi-million-dollar contracts, exporting crude to global markets, and challenging Libya’s state oil monopoly. The meteoric rise did not go unnoticed. Local…
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Cheap Fuel, Endless Crisis in Libya
Under the scorching sun, Libyans wait in long lines at fuel stations, sometimes for hours or even days, just to buy a few liters for their cars or household generators. Meanwhile, heavy oil tankers speed down highways toward ports, where smugglers load shipments bound for global markets. Libya, one of the world’s major oil producers…