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 the Wall Street Journal, a report on Libya’s National Oil Company’s statements of neutrality in the conflict between the government based in Baida and the Libya Dawn movement: Libya’s state-owned National Oil Co. has issued a declaration of independence. The company said on its website Thursday it was neutral in the conflict between an […]
Read more »Via McKinsey Quarterly, an in-depth interview with Dr. Shokri Ghanem, chairman of Libya’s National Oil Corporation, about the future of energy pricing, the operation of national oil companies, and their changing relationship with the international oil majors: “…Since the day in 1968 when Dr. Shokri Ghanem took a post at Libya’s Ministry of Petroleum, he […]
Read more »Via Reuters, an interesting report on some doubt which is arising over Libya’s ability to achieve its goal of almost doubling output within four years. As the article notes: “…Tripoli wants to increase output to 3 million barrels of crude oil per day by about 2012 from 1.7 million now, raising extra revenues to help […]
Read more »Via The Oil Drum, an excellent analysis of Libya’s oil production and consumption patterns, plus some projections going forward. As the article notes: “…The country’s oil production has steadily increased since sanctions where lifted, now approaching 1.9 Mb/d. In the first part of September 2008, Libya received an official visit from US secretary of state […]
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