North African Energy Market Analyis: Libya
On the 3rd of July, Khalifa Haftar, head of the Libyan National Army, threatened to use armed force unless the politically fragmented country could agree on a mechanism for the “fair” distribution of oil revenues. The deadline set by the military leader is 31 August (today). The potential for another civil war is high and this will have large implications for major commodity markets like crude oil as well as natural gas. The intervention of regional and extra-regional powers further complicates Libya’s chaotic political situation, with different countries backing opposing governments.
Read here for London Politica’s latest report on the situation in Libya, a collaborative analysis from team members from Global Commodities and MENA Watch research programmes.