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
26 November 2024
Secretary General Hamel warns on gas underinvestment, and highlights the energy source as playing a transitional role in the West and being a destination fuel in the Global South
25 November 2024
The Nigerian mega-refinery has yet to reach its full product-producing potential
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
