The oil world's most difficult job
NOC’s chairman fears a disaster if his company is dragged into the war for Libya’s oil
Many oilmen are under pressure around the world, but none more than Mustafa Sanallah, chairman of Libya's National Oil Company (NOC) and, given the two-year-old conflict that has left rival governments and their allied militias fighting for control, the country's de facto oil minister. Sanallah's job ought to be straightforward, keeping Libya's high-quality oil flowing out and money flowing in. Instead, since 2014, Libya's post-Qadhafi chaos has only deepened and the NOC chief 's task has become steadily harder. In 2011, Libya produced about 1.6m barrels a day. Now it is struggling to keep output above 200,000 b/d. Most fields are idle; some, in the once-prolific Sirte basin, were severely d
Also in this section
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!