By Ethan Chorin and Monem Alyaser
Just as oil and gas wealth were the pillars of Col. Muammar Gaddafi’s brutal rentier state, they are at the heart of the civil conflict raging in Libya – demonstrated recently by an escalating battle over storage depots and lifting ports in the country’s oil-rich East, and rumors of an imminent siege of Libya’s former capital city of Tripoli, which threatens full-blown civil war. Read More
By Ahmed Ben Mussa
In the wake of recent developments, Libya’s National Oil Corporation now has full control over all its oilfields and export terminals. Read More
By Chris Stephen
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. Read More
By James Hyerczyk
Crude oil futures closed higher in November after OPEC agreed to a plan to cut production. The oil cartel agreed to finalize an agreement on November 30 to cut its overall production by 1.2 billion barrels a day. Read More