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 11, 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 4, 2024.
On August 18th, the Presidential Council reshuffled Libya's Central Bank leadership, ousting Sadiq al-Kabir amid rising tensions. This article provides a quick recap on the ongoing crisis.
News and expert analysis on Libyan politics, economic development and the country's security landscape.
The recent Cairo meeting between Libya's HoR and HCS has sparked renewed hope for a unified government, gaining support from various stakeholders. As Misrata pushes for political reconciliation, the UN emphasizes an inclusive electoral process, while distrust remains towards the current leadership.
Western Libya's security crisis continues to deepen with escalating clashes, targeted killings, and government indifference. Zawiya faces chaos as officials admit lack of control, while violence in Tripoli and border tensions with Tunisia threaten overall stability.
Despite a minor blowout in July, Libya's NOC is steadily increasing oil production, reaching 1,276,344 barrels per day. With projections of 1.5 million barrels daily by mid-2025, the focus remains on reviving old wells and exploring new opportunities in resource-rich regions.
A U.S. delegation, led by AFRICOM leaders, engaged with key Libyan figures to enhance counterterrorism and military collaboration, aiming to counter Russian influence. As Libya's political landscape shifts, the U.S. seeks strategic partnerships to address complex security challenges.
Last week, members of the House of Representatives and the High Council of State met to lay the groundwork for the formation of a new unity government and the holding of general elections. This opens Libya up to a highly fraught scenario.
For the second time in 2024, Libya hosted an international conference on migration.
Violent clashes involving light and medium weaponry have become a staple in the western coastal city of Zawiya, most of the time in densely populated neighborhoods. The presence of organised crime looms large, with rampant instances of assassinations, kidnappings, and torture.
Far from being a sudden breakthrough that could lead to unify Libya’s executive authority, this budget further solidifies the country’s status quo and formalises the CBL Governor Sadiq al-Kabir’s double game in funding both rival governments in Libya.
The international community must pressure Libyan authorities to uphold Ahmed Al-Sanussi's human rights, including the right to safety and the right to a lawyer, and to respect legal protections against arbitrary detention.
The National Oil Corporation (NOC) says a new pipeline from the North Hamada oil field will help it meet short-term development targets, as it continues working towards the ambitious goal of bringing Libyan crude production to 1.5 million bpd by 2025 and 2 million bpd by 2027.
In spite of turbulent political times for Libya and its energy sector, there are positive developments regarding the signing of new contracts and the continuation of small-scale works to gradually increase the country’s oil output.
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.
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