Libya: Old or New Picture? Risks of political uncertainty for the gas and oil business
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.
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.
Available in:
Regions and themes
ISBN / ISSN
Share
Download the full analysis
This page contains only a summary of our work. If you would like to have access to all the information from our research on the subject, you can download the full version in PDF format.
Libya: Old or New Picture? Risks of political uncertainty for the gas and oil business
Author(s)
Related centers and programs
Discover our other research centers and programs
Center for Energy & Climate
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.
Find out more
Discover all our analyses
Reconnecting With Europe's Nuclear DNA: a Political Question
As Europe's main source of low-carbon electricity, nuclear power is a strategic asset for tackling climate and geopolitical challenges.
Will the Western Nuclear Power Revival Take Place? The State of Extra-European Advances
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.
Re-evaluating Copper Supply: The Crucial Role of Technology
Some authors argue that the energy transition is doomed to fail due to metal scarcity and the rising energy costs of extraction.
The Strategic Dimension of Power System Flexibility: Opportunities in Europe
The European Union has embarked on an energy transition aimed primarily at replacing fossil fuels by electrifying demand.