Threats of new divisions between the east and west of Libya could plunge the country back into civil war. Some in the oil-rich east, which has 80 per cent of Libya’s oil, want independence from the rest of the country. And this uncertainty is causing apprehension among foreign investors who are needed to develop Libya’s oil and its economic and political future.

UNCERTAINTY is the key word associated with Libya’s political and economic future as it emerges from the 42-year dictatorship of Colonel Muammar Gaddafi.

This uncertainty is causing major apprehension among foreign investors and international oil companies. Libya holds the largest proven oil r...

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Professor Jaime Nogueira Pinto
Tribal chiefs and field commanders in eastern Libya announced the creation of a semi-autonomous region in March 2012. They are eager for greater political autonomy and around 2000 delegates of the so-called Congress of the People of Cyrenaica have formed a Supreme Transitional Council
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