Libya’s economy relies on oil, and the nature of the country’s current conflict is intrinsically tied to its economic model.
Oil
Unscrupulous smugglers are taking advantage of the lawlessness of Libya, transforming the country into a gigantic transit zone for all kinds of goods. Their actions are endangering the prospect of a peaceful future on the North African coast.
The collapse of governments has raised questions about state assets and business contracts in the absence of an unchallenged sovereign.