Political row threatens Libya’s oil recovery
Tug-of-war to steer Africa’s largest oil reserves risks stalling the country’s recent upstream progress
A political power struggle for control of Libya’s oil industry has thrown it into crisis just as booming production and a civil war ceasefire had begun restoring investor confidence. The dispute is between oil minister Mohamed Oun and National Oil Corporation (NOC) chairman Mustafa Sanalla, with the minister demanding Sanalla’s suspension and the chairman refusing to go. The roots of the conflict began in March, when the Government of National Unity (GNU) took office—replacing rival, warring administrations in Tripoli and Tobruk. GNU prime minister Abdulhamid Dbeibeh revived the post of oil minister and appointed Oun, Libya’s former Opec representative. Libya has not had an oil ministry for
Also in this section
17 May 2024
The latest drought crisis is passing, but longer-term solutions are in motion, explains Panama Canal Authority Administrator Ricaurte Vasquez Morales
16 May 2024
Flat oil growth in 2024 highlights mounting industry problems
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
14 May 2024
But there is still plenty of appetite for the country’s LNG in the Asia-Pacific region