×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Friday
17
Apr 2026
weather symbol
Athens 20°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

Cuba is ready for any military attack, says President Miguel Díaz-Canel

Trump: Lebanon and Israel agree to a 10-day ceasefire

Mitsotakis returns to “Evangelismos” to be briefed on Mylonakis’ health

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

Orthodox Christians mark the Feast of the Life-Giving Spring — Significance and name days

April 17, 2026

Barrack on S-400 and F-35: “I won’t even talk about Greece–Turkey issues, they’ll ban me from going to Mykonos again”

April 17, 2026

The ship that saved Greece’s intellectual elite and the mysterious story of the unknown passenger

April 17, 2026

The American curriculum model that is changing the face of education

April 17, 2026

Georgiades: I strongly reject claims that doctors in Kefalonia were absent for 19-year-old Myrto – Lawsuit filed against TikTok user over “murder” allegation

April 17, 2026

Greece at the UNGA: Freedom of navigation is a fundamental pillar of international peace and security

April 17, 2026

Over 8 out of 10 Europeans plan to travel this summer despite costs and geopolitical instability

April 17, 2026

100 years of Rolex Oyster: The watch that changed time

April 17, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα