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IOCs plot risky Libya return
Despite the continuing threat that the country’s security situation could implode, oil firms are keen to get going again
Libya boosts output target
Relative stability is bolstering the North African nation’s rehabilitation programme, although significant investment challenges remain
Libya scrambles to protect output recovery
The Tripoli administration moves against its own central bank to try to prevent another blockade
Libya's oil output restrained
Investment is needed to boost production capacity
Libyan Prime Minister Abdul Hamid Dbeibah in 2021
Libya Upstream
Chris Stephen
15 August 2023
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Explorers return to Libya despite fragile security

Peace means progress for Libya’s upstream, but disruption is never far away

Storm clouds are once again circling Libya’s energy sector amid renewed clashes between rival factions. It comes after a period of calm, with major energy companies having a tentative sense of confidence that may still be borne out. IOCs BP and Eni have lifted their decade-long force majeure on Libyan hydrocarbons development, clearing the way for major exploration projects. The two companies, along with Algerian state oil and gas producer Sonatrach, made the move on 3 August, according to Libya’s National Oil Corporation (NOC). NOC officials have been saying for months that security conditions have improved in Libya, with a ceasefire in its civil war agreed in 2020 largely holding. The conf

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