The correct options are
A Libya was colonised by Italy.
C Libya sold petroleum in the world market.
Libya gained independence in 1951. It had an elected legislature at the national and provincial levels; King Idris I was chosen by this assembly to head the country. Libya sold petroleum in the global markets which had a huge demand. Some sources claimed that the wealth earned was cornered by King Idris, foreign oil companies and a few other powerful families in Libya. People considered King Idris as a representative of western interests and colonialism.