Country Risk

Libyan Election Candidates Line Up

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AP_501153150229-MIDEAST LIBYA Election

Candidates vying to compete in Libya’s presidential elections on Dec. 24 are all claiming they will bring political stability, security and foreign investment to the country, but that looks like a tall order. Foreign powers show no sign of withdrawing their proxies from the country while they wait to see how candidates perform. Despite its fragility, Libya is still attracting investment from European majors seeking low extraction costs and large hydrocarbon reserves, including with integrated renewables. But observers still question whether all parties will respect the outcome of elections, or whether Libya will simply fall back into conflict.

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