OIL & GAS

Despite widespread opposition to a potential deal, this new development brings back the Eni-led consortium to the fold and could draw major political battles in the coming weeks.

As explained in this week’s Political Risk report, Libyans did not enjoy this year’s Eid al-Fitr as a result of the piling economic issues such as the liquidity crisis, inflation, and shortages. These problems are notably palpable in the south of the country, which had led an oil

For close to three weeks, southern Libyan protesters managed to block production at the country’s largest oilfield, al-Sharara, thus dropping overall crude production by 20% to 950,000 barrels per day. On January 21st, negotiations finally satisfied protesters who ended their sit down, thus allowing the NOC to lift

The 2022 Audit Bureau report highlights the problem of smuggling subsidised fuel, costing Libya about 5 billion USD annually. Libya exchanges crude oil for fuel without proper oversight, making it challenging to track fuel purchases and smuggling. While not directly the NOC’s responsibility, the public looks to the NOC’

The geopolitical ramifications of the Israeli Defence Forces’ (IDF) war on the Gaza strip following Hamas’ October 7 attack on Israel are also to be found in Libya and could impact the country’s foreign relations as well as its internal conflict dynamics. On October 25, the House of Representatives

Following Wagner’s Prigozhin’s death, a cloud of uncertainty was cast on the group’s operations and future prospects in Libya. However, recent events are starting to provide a glimpse into the potential trajectory that Wagner’s influence and presence in Libya will take. In particular, the presence and

The Libyan authorities are preparing for a new round of oil and gas licences in 2024 after a hiatus of over 17 years. However, comprehensive maps for untapped gas regions have not been drawn up yet. Throughout this year, Libya has unveiled multiple plans to enhance its gas export capabilities,

Libya’s National Oil Corporation (NOC) doubles down on its plans to bring additional players to develop the country’s energy sector.