Courtesy of STRATFOR (subscription required), a report on Libya’s oil production: HIGHLIGHTS Any attempt by the National Oil Corporation to further restrict supplies of kerosene, diesel and jet fuel to eastern Libya risks upending the balance of Libya’s oil sector, which has maintained production of about 1 million barrels per day despite the outbreak of […]
Read more »Via Frontera, an interesting look at Libya’s oil region and reserves: The recent turmoil in Libya’s Oil Crescent – a region which stretches along the coast from Sirte to Ras Lanuf, and which extends down to the Jufra district – has underscored the competition for the control of state revenues, as Field Marshal Khalifa Haftar’s […]
Read more »Courtesy of the Wall Street Journal, a report on the reopening of Libya’s oil sector, after the country froze new foreign investment in 2011 after the civil war that toppled Moammar Gadhafi: Libya intends to reopen its oil sector to new foreign investments, its state-run oil company’s chief said Tuesday, a move that would give oil […]
Read more »Via Frontier Strategy Group, commentary on opportunities in Libya: All eyes are on Libya as some positive headlines have come out of the country over the past several months. ISIS was driven out of its stronghold in Sirte in December 2016; oil production more than doubled from 300,000 barrels per day (bpd) to around 700,000 […]
Read more »Via the Foreign Policy Association, a look at the impact of Libyan oil re-entering the global market: After a series of skirmishes, frantic deal making now looks to have brought about the surprise return to force of Libya in the oil export market. However Libyan oil coming back online could jeopardize a fragile production cut […]
Read more »Via Global Capital, a look at the ongoing struggle for control of Libya’s oil wells: On September 11th, Libyan National Army (LNA) forces under General Khalifa Haftar have launched an offensive on the oil facilities in Ras Lanuf, al-Sidr, Az-Zuwaytinah, and Berga in the Gulf of Sirte. Until that moment, the sites had been under the jurisdiction […]
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