Country Risk

Libyan Oil Sector Divisions Grow

Copyright © 2021 Energy Intelligence Group

Libya’s national unity government is in trouble. Political squabbling is rising and impacting Libya’s one positive -- its oil sector. This is a worrying trend for international oil companies (IOCs) and state-run National Oil Corp. (NOC) as it seeks vital foreign investment for reconstruction and to achieve its oil and gas targets. Recent de-escalation among Libya's external regional players is a positive. But foreign mercenaries remain strewn across the country and retain the ability to shut down oil fields and ports at will.

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