Soon after, oil was discovered and earned the country immense wealth. Since 2014, Libya has been divided into competing political and military factions based in different parts of the country. 16th Century - Libya becomes part of the Ottoman Empire, which joins the three provinces of Tripolitania, Cyrenaica and Fezzan into one regency in Tripoli. 1934 - Italy steps up Italian migration as part of an eventual plan for the incorporation of Libya into a Greater Italy. 1971 - National referendum approves proposed Federation of Arab Republics (FAR) comprising Libya, Egypt and Syria.