×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Tuesday
09
Dec 2025
weather symbol
Athens 13°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> World

Gaddafi’s prophecy comes true as foreign powers battle for Libya’s oil

At stake is Libya’s greatest treasure: the largest oil reserves in the entire African continent

Newsroom August 3 01:12

In August 2011, as Libya’s rebels and Nato jets began an assault on Tripoli, Colonel Muammar Gaddafi delivered a speech calling on his supporters to defend the country from foreign invaders.

“There is a conspiracy to control Libyan oil and to control Libyan land, to colonize Libya once again. This is impossible, impossible. We will fight until the last man and last woman to defend Libya from east to west, north to south,” he said in a message broadcast by a pro-regime television station. Two months later, the dictator was dragged bleeding and confused from a storm drain in his hometown of Sirte, before being killed.

Nine years on, after the outbreak of a second civil war, Gaddafi’s proclamation is not far from the truth – but as the US has retreated from the role it played in his downfall, a constellation of emboldened regional powers has descended on Libya instead. As the battle moves to Sirte, gateway to the country’s oil crescent, a potential showdown over control of Libya’s oil wealth is looming.

Sirte’s fortunes turned after Gaddafi’s death; once a gleaming showcase for his vision for Africa, the villas on eucalyptus-lined avenues that belonged to regime apparatchiks were flattened in the revolution, and the city was terrorized by Islamic State before the jihadists were driven out in 2016.

In violation of an international arms embargo, the city and surrounding desert have been flooded with weapons and fighters in recent weeks as forces loyal to the government in Tripoli mobilize on one side of the frontline, and those fighting for General Khalifa Haftar, appointed by the rival parliament in Tobruk, line up on the other.

See Also:

“Murder hornets” trapped in US for first time as officials race to eradicate colonies before breeding season

Egypt invites Elon Musk to see for himself pyramids “not built by aliens”

At stake is Libya’s greatest treasure: the largest oil reserves in the entire African continent. The majority of the country’s oilfields are in the Sirte basin, worth billions of dollars a year. Haftar’s forces, who are in control of Sirte, imposed a blockade on oil exports in January, causing revenues to plummet as daily production dropped off from around 1 million barrels to just 100,000 barrels a day.

>Related articles

Trump to Politico: Europe is a decaying Continent with weak leaders, Ukraine must hold elections

Hatzidakis: Greece is currently one of the strongest economic upheavals in Europe

Czech Republic: Billionaire and Trump admirer Andrej Babiš is re-sworn in as Prime Minister

Forced to impose pay cuts for civil servants and currently spending from reserves inherited from the Gaddafi era, Tripoli is desperate to dislodge Haftar’s forces.

West Libya’s Government of National Accord (GNA) is officially recognized by the UN as Libya’s legitimate government, but it has been at odds with the Tobruk administration since 2014, when MPs decamped to the eastern city following disputed elections. Tobruk appointed Haftar, a former army commander under Gaddafi and one-time CIA asset, to lead its self-styled Libyan National Army (LNA) a year later.

Read more: The Guardian

Ask me anything

Explore related questions

#analysis#conflict#defence#diplomacy#libya#military#Muammar Gaddafi#oil#politics#prophecy#war#world
> More World

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Jennifer Lopez: Ex-husband launches new attack, accuses her of infidelity with Diddy

December 9, 2025

Copernicus: 2025 is on track to become the second-warmest year ever recorded

December 9, 2025

Zelensky says he is ready for elections

December 9, 2025

See which European country spent the most on OnlyFans in 2025 – and where Greece ranks

December 9, 2025

Tractors on the roads: truths and lies about the farmers’ roadblocks

December 9, 2025

Oncology patients’ appointments at PAGNI cancelled due to farmers’ occupation of the airport: The necessary radiopharmaceutical never reached Heraklion

December 9, 2025

Turkstream’s managing company will move its headquarters to Budapest to circumvent sanctions

December 9, 2025

Outstanding Dublin III cases for the potential return of thousands of migrants from Europe to Greece are being wiped clean – What the agreement provides

December 9, 2025
All News

> Culture

Golden Globes 2026: Anticipation builds around nominations, surprises, and notable absences

A celebration of visionary storytelling, surprising snubs, and the global spirit of cinema

December 9, 2025

Benaki Museum: Christmas all-day program for all ages

December 8, 2025

Restoration and enhancement works begin at the historic Church of Agios Nikolaos Rangavas in Plaka

December 8, 2025

George Osborne: “I remain optimistic about reaching an agreement with Greece on the Parthenon Sculptures”

December 7, 2025

History has treated her unfairly”: The 400-year mystery surrounding Shakespeare’s wife and son

December 6, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα