Libya’s Oil Blockade Has Cost The Country Over $5 Billion
Libya’s crude oil exports have shrunk by 92 percent and the National Oil Corporation has lost some $5 billion since the start of the oil blockade early this year, the Continue Reading
Russia Sends Warplanes to Libya, Escalating Its Involvement, U.S. Says
Senior U.S. military officials said Russia has sent jet fighters to Libya to support Russian mercenaries fighting there on behalf of Khalifa Haftar, a militia leader based in the eastern Continue Reading
Pentagon accuses Moscow of sending fighter jets to back Libyan warlord
The Pentagon accused Moscow on Tuesday of dispatching fighter jets to Libya to bolster Kremlin-linked mercenaries helping an eastern warlord, a move that would represent a significant expansion of Russia’s Continue Reading
Turkey Headed For An Unexpected Victory Libya’s Oil War
The GNA’s militias and Turkish forces backed by Syrian refugee-mercenaries in Libya are no match for the combined firepower of General Haftar’s LNA, allied militias, and a host of powerful Continue Reading
Haftar and Turkey Trade Threats as Libya’s War Risks Escalation
Libyan military commander Khalifa Haftar raised the prospect of a dangerous new escalation in the North African country’s war with a threat to target Turkish forces backing the internationally recognized Continue Reading
OPEC Producer Algeria Aims To Build $3.6B Solar Power Projects
OPEC member Algeria plans to install up to US$3.6 billion worth of solar photovoltaic (PV) projects to produce renewable electricity for export and for meeting increasing domestic power demand. The Continue Reading
Shelling kills two at Tripoli displaced people shelter-emergency services
Shelling killed two people on Saturday, the emergency services said, at a displaced people’s shelter in a part of the Libyan capital Tripoli that has been under bombardment by eastern Continue Reading
Massive bombardment hits Tripoli as water supplies threatened
A withering bombardment shook Tripoli on Sunday as the eastern-based forces of Khalifa Haftar fought overnight for new territory in the southern suburbs after losing ground recently around the city. Continue Reading
The Unnoticed Power Grab Unfolding In Libya’s Oil Crescent
Coronavirus coverage might overshadow the recent developments in Libya, yet rarely has the situation on ground been more complex and difficult to predict. Field Marshal Khalifa Haftar first announced that Continue Reading
Oil Price Crash Forces Algeria To Cut State Budget By 50%
OPEC member Algeria has decided it would slash its budget for this year by 50 percent, due to the drastically lower income from oil after the price crash. Algeria – Continue Reading