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Libya tightens control over energy sector

A shake up at the top of Libya's oil and gas sector could spell a harsher climate for foreign investors

By Derek Brower Libya has reasserted control over its oil and gas sector following the resignation of National Oil Company (NOC) chief, Shokri Ghanem, by creating a new body to oversee NOC and to regulate the industry. The Supreme Council for Energy Affairs will become the de facto energy ministry of the country, say analysts, replacing NOC as Libya's top energy authority. The move could also spell a harsher climate for foreign investors. Under Ghanem, NOC has been perceived as reliable partner for foreign companies operating in Libya's upstream. His opposition to greater state involvement in the energy sector was said to have triggered his resignation, first tendered in August and confir

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