North Africa’s main oil producer, Libya, is again making headlines, mainly in light of OPEC’s ongoing market struggles. A potential conflict between Libya’s LNA-backed powers and European oil and gas operators presents an opening for Russian interests. With around 3,000 mercenaries in Libya, Moscow views the country as a potential hub for further expansion into Africa. Establishing a stronghold in Libya aligns with former Soviet cooperation agreements and advances Moscow’s goal of targeting Europe’s energy supply. Moscow appears intent on using eastern Libya’s oil and gas regions as a gateway into Africa.

Source: Libya Today November 22, 2024 17:03 UTC