Libyan rebels guard an oil terminal hoping the country’s rich oil deposits will offer them a good future (photo: dpa)

Energy: What next for Libya oil?

Oil is crucial to the Libyan economy. How quickly can production resume – or have the months of fierce civil unrest done irreparable harm to the country’s oil industry? asks GIS expert, Dr Carole Nakhle in this briefing.

THE outcome of Libya’s transition to the post-Gaddafi era will have significant implications on the global oil market.

In June 2011, four months after the start of Libya’s civil war, the International Energy Agency (IEA) responded to the disruption of the country’s oil supplies and, in an attempt to ease the upward pressure on global oil prices, announced the release of 60 million barrels of oil from emergency stocks.

Unlock the report
8.95 EUR
 
Secure, instant payment by credit card or bank transfer
Dr. Carole Nakhle
If Libya’s production is re-instated rapidly this, in principle, should be good news to oil consuming nations
read more about it in the report
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms and conditions. Feel free to check out our policies anytime for more information.
I agree