The United States returns to doing business in Libya. This fact was interpreted by experts as a desire of the United States to strengthen its economic influence in the southern Mediterranean to compensate for Russian oil exports to Europe. Halliburton will develop the Al-Zahr oil field in Sirte governorate, worth $1 billion, while Honeywell will build an oil refinery in the southwest worth $1 billion. Al-Zahr is the first oil field in commercial quantities discovered by al-Waha Company, a subsidiary of NOC, in the late 1950s. However, the United States is strongly demanding the removal, especially of the warlord Khalifa Haftar, from Russia and the Wagner group.

Source: Libya Today May 03, 2023 06:30 UTC