Turkish President Tayyip Erdogan and his Russian counterpart Vladimir Putin at the launch of Turkstream
Turkey’s dual Libya objectives
Moscow’s cooperation with Ankara in seeking a Libya peace deal implies Russian acceptance of Turkey’s controversial East Med maritime border claims
Russia and Turkey, previous backers of opposing sides in the Libya conflict, have clearly decided that—if they could jointly achieve peace in the country—both would be assured of a lasting stake there. This would be a blow to the European powers most closely associated with Libya, Italy and France, which have persistently tried and failed to bring the fighting to an end. Both countries have strong energy links with Libya which they would like to expand. Now there is a possibility that Russian and Turkish firms will put Libya’s oil and gas reserves in their sights. Russia has said in the past that it is interested in working jointly with Turkey on energy exploration and development. For Pre
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
