It makes sense.
Khaddafi has signed a deal for 6 months exclusive negotiations for the Rafale.
This purchase actually makes sense for Libya, because they have a reasonable chance of being able to continue to operate the aircraft even in the face of an embargo by the US, such as the sort that grounded the Venezuelan F-16s, and the competitors, the Eurofighter Typhoon, and SAAB Gripen, both have significantly more US content.
This would be the first foreign sale of the Rafale, and I’m sure that the French foreign ministry and Dassault are both drooling at the prospect.