Via Bloomberg, an article on an agreement for Turkey to explore Libyan gas: Libya’s eastern parliament is set to vote on a 2019 pact that would allow Turkey to explore for energy in the North African nation’s waters. The agreement could kickstart oil and gas exploration by Turkish ships in a swathe of territory between […]
Read more »Via The Libya Observer, an article on Libya’s efforts to secure Chinese investment: The Minister of Industry and Minerals, Ahmed Abuhisa, has extended an invitation to Chinese companies to capitalize on the investment opportunities in the country’s industrial zones. Speaking during a meeting with Liu Jian, the Charge d’Affaires of the Chinese Embassy in Libya, […]
Read more »Via the Atlantic Council, commentary on China’s growing engagement with North Africa: Talk of China in the Middle East and North Africa (MENA) rarely focuses on the latter, but Beijing has made significant gains in its recent outreach to the Maghreb. This was highlighted in September when the Forum on China-Africa Cooperation (FOCAC) Ministerial Conference […]
Read more »Via Rest of World, a report on Presto, the Libyan delivery app now planning to expand to neighboring countries: Presto is now the second-largest delivery company in North Africa, after Glovo. The company navigated the unique challenges of Libya’s security situation and government-dominated workforce. In September, Ammar Hmid, the founder and CEO of Presto, celebrated […]
Read more »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 »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 […]
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