Courtesy of The Economist, an interesting article on Libya: A DRIVE down Gargaresh Street in central Tripoli suggests that foreign investors are having a ball in post-revolution Libya. Debenhams, a British department-store chain, opened last month. Young Libyans flock to Cinnabon, an American purveyor of sticky buns that arrived last year. BurgerFuel, a New Zealand […]
Read more »Via ValueWalk, a look at Libya’s oil industry: Libyan July oil production dropped 29% MoM and halved over the previous year due to a civil war situation in the country. Furthermore, the country has closed all of its oil export terminals in the Eastern region, making the Mediterranean oil market very uncomfortable about prospects of […]
Read more »Courtesy of Foreign Policy, a report on Libya’s city states: By all rights, Misrata, Libya’s third-largest city, ought to be a mess. The late Colonel Muammar al-Qaddafi considered the place to be a hotbed of resistance during the 2011 revolution, and his troops pounded it with everything they had (including Scud missiles). The resulting levels […]
Read more »Courtesy of Foreign Policy, a report on Libya’s economic paradox – it’s rich but broke: Libya has been an especially difficult place to live over the past few weeks. With a string of high profile assassinations, a jailbreak, and a series of sometimes thwarted car bomb attacks, there is plenty for Libyans to be exasperated […]
Read more »Courtesy of The Economist, a report on Libya’s economy and oil production: BOTH sides in Libya’s civil war knew they would need to sell oil again fast once the conflict was over. So for the most part they took care not to ruin the energy infrastructure. For example, while fierce fighting was devastating the western […]
Read more »Via Eurasia Review, a detailed look at Libya: Libya is a country located in Northern Africa that borders the Mediterranean Sea. Until the 1950s, it was regarded as another poor African state, but the discovery of oil greatly increased its wealth, turning it into one of the richest African countries and also increasing its significance […]
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