Libya
Force majeure at Libya’s Zawiya Refinery threatens exports and oil expansion plans
The declaration of force majeure at Libya’s Zawiya Refinery by Libya’s National Oil Corporation on December 15 has put plans to boost crude production in doubt and raised concerns over NOC's ability to meet its oil export obligations.
Russia, facing loss of Syrian base for Africa operations, seen turning to war-torn Sudan or divided Libya
If Putin wants to quickly develop Port Sudan as an alternative to Russia's naval base in Syria, he may need to finally pick a side and align with the SAF, who control the area. Meanwhile, Russia is already landing military aircraft in Libya.
Libya’s mineral riches: unlocking a future beyond oil
Libya — a country marked by years of political instability and economic chaos — has the opportunity to transform its economy through its vast reserves of critical minerals.
JPMorgan, Chase and HSBC reportedly unwittingly processed payments for Wagner warlord Prigozhin
Leading western banks JPMorgan Chase and HSBC reportedly unwittingly processed payments for companies linked to Russian warlord Yevgeny Prigozhin, the late leader of the Wagner Group Private Military Company.
EBRD announces profit of €2.1bn in 2023
The European Bank for Reconstruction and Development (EBRD) has announced a significant rebound in its financial performance, recording a robust profit of €2.1bn for the year 2023, up from losses of €1.1bn in 2022.