Rivalries may cap Libya's oil export potential
Tuesday, November 22, 2016
Significance
Libya's pre-revolution oil production level of around 1.6 million b/d has been disrupted by conflict since 2011.
Impacts
- Further disputes over oil shipments and revenue management are likely.
- Field Marshal Khalifa Haftar and the Tobruk administration may also try to instigate new challenges to the National Oil Company.
- Under present conditions, only minor, place-holding investments in oil and gas will materialise.
- The GNA's credibility may further weaken.
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