‘Crumbling’: Libya’s Warring Factions Dig In For Fight Over Oil Profits
August 30th, 2024
Via Middle East Eye, a report on deteriorating conditions in Libya: Libya’s oil production and exports plunged Thursday as warring political factions appear to be digging in for a feud over control of the war-ravaged country’s central bank and the petrodollars it holds. The closure of oil fields and terminals across eastern Libya slashed the Opec […]
Read more »China Moves To Reopen Economic Ties With Libya, 13 Years After Suspending Trade
June 24th, 2024
Via South China Morning Post, a report on how Beijing and Tripoli are rebuilding ties after China pulled investors out in 2011: Before the 2011 revolution that toppled Muammar Gaddafi and led to a bloody civil war in Libya, China had vast interests in the oil-rich North African nation. At the time, 75 Chinese companies controlled 50 large projects […]
Read more »Libya-China Economic Forum Planned in Tripoli
June 14th, 2024
Via Nova News, an article on a planned economic forum between Libya and China: The Minister of Economy and Trade of the Government of National Unity (GUN) of Libya, Mohamed al Hawaii, met with members of the Board of Directors of the Libyan-Chinese Joint Economic Chamber to discuss, among other things, a Libyan-Chinese economic forum in […]
Read more »Libya: Economic Savior for Ankara and Cairo?
May 19th, 2024
Via The Africa Report, commentary on why Egypt and Turkey’s economic rapprochment needs Libya: After ten years of a consistently tense diplomatic relationship, Cairo and Ankara have buried the hatchet to start afresh. Will this reconciliation be enough to boost their weakening economies? In the current global political climate, both Egypt and Turkey are suffering economically. To […]
Read more »$5B Global Trade In Smuggled Fuel, Mostly From Russia
February 8th, 2024
Courtesy of Bloomberg, a report on the estimated $5 billion trade in smuggled fuel — much of it coming from Russia: On a clear morning in September 2022, the Queen Majeda, a faded blue and white tanker loaded with marine gas oil worth more than $2 million, left the Libyan port of Benghazi and set off for Porto […]
Read more »Russia Steps Up Competition in Africa
January 11th, 2024
Via Foreign Policy Research Institute, a look at Russia’s efforts to step up its presence, and competitive position (both economically and militarily), in Africa: BOTTOM LINE The Kremlin is taking up the mantle of Wagner Group after Yevgeny Prigozhin’s death, and is now moving to compete directly with the West in Africa, particularly in the […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.