Libyan oil minister Mohamed Oun
No end in sight to Libyan stasis
Questions over the oil minister's competence are another new low for the crisis-racked North African producer
The chaos enveloping Libya’s oil sector has gone from bad to worse in June. Conflicting updates on the state of the country's production can now be added to blockaded ports and political wrangling. Confidence in oil minister Mohamed Oun has not been enhanced by his claim last Monday that protests had caused output to fall to 100,000bl/d, despite his officials insisting the true number was 700,000bl/d. Yesterday, Oun conceded said officials were correct, without explaining the discrepancy. The confusion has done nothing to reassure oil markets that Libya’s upstream sector has any sort of hand on the tiller, never mind a steady one. Protests began again in mid-April, shutting down two fields i
Also in this section
3 July 2025
The July/August 2025 issue of Petroleum Economist is out now!
2 July 2025
The global energy community will converge in Dubai on 10 December for a landmark event dedicated to shaping the future of natural gas across the region
30 June 2025
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
27 June 2025
Gas-on-gas competition pricing has grown its share of consumption significantly over the past two decades, primarily at the expense of oil-price-escalation pricing, according to the IGU
