“From Chaos to Opportunity: How Libya’s Oil Wealth Can Fuel a Prosperous Future” Helping to understand Libya better…
Oil’s Role in Libya’s History: From the Arab Spring to Today Since the Arab Spring erupted in 2011, oil has remained central to Libya’s economic, political, and social dynamics. With Africa’s largest proven oil reserves, estimated at 48.4 billion barrels, Libya has a history deeply intertwined with its resource wealth. This wealth offers the potential for prosperity but has also driven conflict and instability. From the fall of Muammar Gaddafi to today, oil has played a pivotal role in shaping competing visions for Libya’s future. Libya’s Oil Legacy and the Arab Spring The Arab Spring ushered [...]