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Libya: Old or New Picture? Risks of political uncertainty for the gas and oil business

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Libya: Old or New Picture? Risks of political uncertainty for the gas and oil business
Accroche

Libya has an opportunity to get back on track. The end of embargoes and sanctions after the conclusion of the “February Revolution” is favoring a fast production growth. 

Corps analyses

For the IEA the oil production should recover and reach almost pre-war levels in 2013 with a production of 1,1 million barrels/day. The new Oil Minister Abdul-Rahman Ben Yezza should soon undertake a renewal in the Exploration and Production Sharing Agreement (EPSA) rounds that stopped during the conflict
The race for Libya’s oil and gas seems to have just started. But the growing presence of international companies began before the end of the Qaddafi’s regime, when sanctions and trade bans were lifted in 2002 and 2003.

 

Decoration

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978-2-86592-978-8

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Libya: Old or New Picture? Risks of political uncertainty for the gas and oil business

Decoration
Author(s)
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Climate & Energy
Center for Energy & Climate
Accroche centre

Ifri's Energy and Climate Center carries out activities and research on the geopolitical and geoeconomic issues of energy transitions such as energy security, competitiveness, control of value chains, and acceptability. Specialized in the study of European energy/climate policies as well as energy markets in Europe and around the world, its work also focuses on the energy and climate strategies of major powers such as the United States, China or India. It offers recognized expertise, enriched by international collaborations and events, particularly in Paris and Brussels.

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The Energy Transition Faces Geopolitical Challenges. How Can Ideological Divides Be Overcome?

Date de publication
18 September 2025
Accroche

President Trump’s positions and policies, combined with record coal consumption and booming global electricity demand, geo-economic confrontation, and widespread concerns about energy security, are changing the game when it comes to understanding realistic decarbonization trajectories. The war in Europe is intensifying competition between defense and transition budgets. This is also the case elsewhere in the world.

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The New US Energy Policy: Energy Dominance or Fallback?

Date de publication
04 September 2025
Accroche

Since taking office, President Trump has defined and started to implement a new energy strategy for the United States (US), aimed at supporting fossil fuels, the nuclear industry, and the critical minerals sector. 

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Reconnecting With Europe's Nuclear DNA: a Political Question

Date de publication
10 July 2025
Accroche

As Europe's main source of low-carbon electricity, nuclear power is a strategic asset for tackling climate and geopolitical challenges. 

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Will the Western Nuclear Power Revival Take Place? The State of Extra-European Advances

Date de publication
10 July 2025
Accroche

Against the dual backdrop of the energy transition and the rapid transformation of the international order, the question of Western nuclear revival is being raised with renewed acuity. 

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Libya: Old or New Picture? Risks of political uncertainty for the gas and oil business

Libya: Old or New Picture? Risks of political uncertainty for the gas and oil business