Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Derek Brower
7 January 2016
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Libya on the brink

Hopes for the UN's unity government are fading, IS is capitalising on the chaos, renewing its assault on energy infrastructure, and the drumbeat for Western intervention is getting louder

A UN-appointed Government of National Accord (GNA) waits in the wings, but genuine unity and security for Libya remain only a distant hope. Fresh attacks by Islamic State (IS) on two oil-export terminals, persistent efforts by the east to win control of the country's energy sector and ever-deepening factionalism mean events on the ground continue to trump diplomacy. Oil production of 400,000 b/d, a quarter of capacity, looks likelier to fall further than to recover. IS' assault on Ras Lanuf and Es-Sider on 5 January showed, again, the group's ability to strike with impunity in the oil crescent. Nine men from the Petroleum Facilities (PFG) were killed in the suicide-bomb attack. Five storage

Also in this section
Qatar’s Golden Pass dilemma
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
The demand destruction timebomb
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
Lessons from the crisis
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
Libya's potential goes unrealised
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search