Turkey’s dual Libya objectives
Moscow’s cooperation with Ankara in seeking a Libya peace deal implies Russian acceptance of Turkey’s controversial East Med maritime border claims
Russia and Turkey, previous backers of opposing sides in the Libya conflict, have clearly decided that—if they could jointly achieve peace in the country—both would be assured of a lasting stake there. This would be a blow to the European powers most closely associated with Libya, Italy and France, which have persistently tried and failed to bring the fighting to an end. Both countries have strong energy links with Libya which they would like to expand. Now there is a possibility that Russian and Turkish firms will put Libya’s oil and gas reserves in their sights. Russia has said in the past that it is interested in working jointly with Turkey on energy exploration and development. For Pre
Also in this section
12 September 2024
The oil alliance must navigate the good, the bad and the ugly in its showdown with the market at the beginning of December
12 September 2024
The transition to oil evokes revolution and renaissance
11 September 2024
But the young nation may have to go through a fallow period before that project comes online as the Bayu-Undan field nears exhaustion
10 September 2024
The August/September issue of Petroleum Economist is out now!