Related Articles
Forward article link
Share PDF with colleagues

Libya - only the brave

Libyan oil-output growth will eventually need the return of foreign firms

The capture of the country's four central oil ports by the army of general Khalifa Hafter in September has seen oil production almost double, and brought the subsequent re-opening of abandoned fields by the National Oil Corporation (NOC) in the Sirte basin. It has also created a mass of opportunities for repair and maintenance work. But a bonanza it isn't-not yet, anyway. Foreign companies wanting to deploy to Libya face hefty political and security hurdles. Until the political turmoil dies down, only the brave will venture forth into a country where energy installations lie within striking distance of Islamic State (IS) and remain a potential battleground between Libya's rival armed factio

Also in this section
Nigeria's election hangs over energy sector
19 April 2018
Africa's biggest economy is growing again. But next year's vote is stalling reform and investment in its crucial energy sector
Syria: ruthless business as usual
18 April 2018
The joint US-UK-French strikes on chemicals targets in Syria won’t affect the war—but they could damage Trump's image in the region
Elections a new rupture point in Venezuela crisis
16 April 2018
A Maduro loss in May's election could be a turning point, but recovery will be lengthy