The future of the Government of National Unity is under scrutiny
Libya starts the year on an uncertain note
A cancelled poll and strikes cast a shadow over the North African producer’s 2022 ambitions
Libya’s hopes of a happy new year have been hit by several late-December roadblocks, which threaten to further erode already shaky confidence among both existing and potential new international investors. Strikers from the Petroleum Facilities Guard, a government force, towards the end of last month shut down four west Libyan oilfields—Sharara, the country’s biggest field, El Feel, Hamada and Al-Wafa. State-owned NOC subsequently declared force majeure for two western oil terminals, Melittah and Zawiyah. The nearby Wafa gas field, Libya’s largest and a major supplier of volumes to the Greenstream pipeline to Italy, remains unaffected by the industrial action. The strikers say the shutdown
Also in this section
13 January 2025
With Namibia, Guyana and Brazil playing starring roles and important innovations being developed, business as usual has never looked so good
13 January 2025
Regional cooperation over the development of gas resources has the potential to bring peace and prosperity to the East Mediterranean
13 January 2025
Significant expansions are underway in both liquefaction and regasification capacity as LNG firms up its position as a long-term solution for the world’s energy needs
10 January 2025
New Petroleum Economist OPEC+ oil survey sees group improve compliance to ensure oil market stability going into 2025
