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
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields