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 »Courtesy of Reuters, an article on consolidation in the Libyan petroleum sector: Libya’s state energy company National Oil Corporation has agreed to merge with a rival company established in the east by one of the country’s two former competing governments, the NOC said in a statement. The merging of the two NOCs is a positive […]
Read more »Via Oil Price.com, an OpEd on Libya: Gunmen today seized Libyan Prime Minister Ali Zeidan from a hotel in central Tripoli, releasing him shortly afterwards, but making it clear that post-Gaddafi Libya is a failed state and that the government is incapable of taking full control over its oilfields and export terminals. While the markets […]
Read more »Via ValueWalk, a look at Libya’s oil industry: Libyan July oil production dropped 29% MoM and halved over the previous year due to a civil war situation in the country. Furthermore, the country has closed all of its oil export terminals in the Eastern region, making the Mediterranean oil market very uncomfortable about prospects of […]
Read more »Courtesy of Foreign Policy, a report on Libya’s city states: By all rights, Misrata, Libya’s third-largest city, ought to be a mess. The late Colonel Muammar al-Qaddafi considered the place to be a hotbed of resistance during the 2011 revolution, and his troops pounded it with everything they had (including Scud missiles). The resulting levels […]
Read more »Via Eurasia Review, a detailed look at Libya: Libya is a country located in Northern Africa that borders the Mediterranean Sea. Until the 1950s, it was regarded as another poor African state, but the discovery of oil greatly increased its wealth, turning it into one of the richest African countries and also increasing its significance […]
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