Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Derek Brower
24 March 2016
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Libya’s enduring calamity

A new unity government seems destined to deliver neither unity nor government

Libya now has a third government – and it is about to enter the fray. The UN hopes it will restore stability to the country, but it may worsen the chaos. Either way, oil production – now at a five-year low of less than 300,000 barrels a day – is unlikely to recover soon. Islamic State (IS), thriving on the political disorder, has closed in on Libya’s last remaining onshore oil producers.  Tired of waiting for the Tobruk-based House of Representatives (HoR) to endorse a unity government, the UN, US and EU in mid-March officially recognised a new government of national accord (GNA). Libyan opponents immediately dismissed it as a “foreign imposition”. The UN’s GNA gambit is risky. A 17 December

Also in this section
OPEC+ set to strengthen its hand
28 January 2026
The alliance looks to bolster market management credibility by bringing greater clarity and unity to output cuts and producer capacity later in 2026
Indian refiners prove their adaptability
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
Gas deal keeps Lebanon’s offshore hopes alive
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
Letter from Saudi Arabia: Big oil meets big shovel
Opinion
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search