An overview of key stories in Libya's energy sector, including oil production updates, infrastructure challenges and market trends for the week ending on Friday, Nov 8, 2024.
An overview of key stories in Libya's energy sector, including oil production updates, infrastructure challenges and market trends for the week ending on Friday, Oct 25, 2024.
An overview of key stories in Libya's energy sector, including oil production updates, infrastructure challenges and market trends for the week ending on Friday, Oct 18, 2024.
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So far, 2024 has been defined by electoral upheavals that reflect public dissatisfaction with the status quo and mainstream politics. It remains to be seen whether Libya's upcoming municipal elections can help the country rid itself of its own status quo and make way for a new political class.
Interior Minister Emad al-Trabelsi lambasted armed groups, fuel smuggling, government mismanagement, and the use of Libya as a hub for smugglers. However, he did not convey confidence in the Interior Ministry's ability to meet Libya's ongoing security challenges.
The situation could deteriorate even further given that meeting the basic needs of refugees has become increasingly difficult due to a lack of funding –with serious implications for migration and security dynamics in Africa and beyond.
Six months after the High National Elections Commission (HNEC) announced the launch of municipal elections, the Commission has initiated elections for the first group of municipal councils with expired terms and newly established steering councils.
Stephanie Koury, the newly appointed Acting Head of the United Nations Support Mission in Libya, delivered her first briefing to the UN Security Council. She underscored the need for a political agreement to break the current stalemate and pave the way for credible elections in Libya.
This year’s conference coincides with reports of a highly anticipated new licensing round for onshore and offshore concessions –which would be the country’s first since 2005– and the NOC's ambitious plan to reach 2 million barrels of oil per day (bpd) by 2030.
Launched in March 2020 by the EU's Foreign Affairs Council and in response to recommendations from the Berlin Conference on Libya, Operation Irini aims to enforce arms embargo decisions following the armed conflict in Libya.
The reinstatement of Libya's Minister of Oil and Gas raises questions about transparency and governance within the country's hydrocarbons sector, especially as Libya prepares for its first major licensing round in over 25 years.
Libyan investments across Africa are increasingly at risk of being nationalised by governments that are seeing opportunities to leverage mismanagement in Libyan institutions for their own gain.
To revive Libya’s political process, the Deputy Special Representative to the Secretary-General (DSRSG) of the United Nations Support Mission in Libya (UNSMIL) will have to be careful about several factors that could harm her mandate and help the country’s status quo thrive.
A newly announced roadmap aims to complete investigations by the end of 2025, focusing on three key areas: crimes committed in Libyan detention facilities, violations conducted during the 2014-2020 period, and violations against migrants.
The NOC Chairman's challenge is to minimise disruptions and keep Libyan oil flowing, while balancing the demands of various Libyan constituencies and mitigating interference from foreign actors pursuing their own strategic objectives.
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