Libya: Unified budget agreement in Libya strengthens the position of Libyan oil in global energy markets

An analytical report from Al Jazeera network covered the approval of Libya’s first unified budget in over a decade. The report considered this a rare agreement. It comes in a country torn by years of conflict and political division.

The House of Representatives and High Council of State agreed on the budget. This is a rare moment of cooperation. Political divisions still cast a shadow over the Libyan scene. The report noted the last similar step was in 2013. This occurred before two rival…