Insight

Libya hits production landmark but political divisions overshadow outlook

From

$1,350.00

Get this report

From

$1,350.00

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

FAQs

Contact us

Report summary

Libya's oil production has increased steeply from a low point of below 300 000 b/d to over 1 million b/d. Much credit must go to Libya's National Oil Company (NOC) for remaining staunchly neutral and depoliticising oil. We think that Libya may now be reaching its near term production limits and future growth will be more gradual. Effective export capacity will be constrained by damage to a key port and limitations in what upstream developments can produce to a maximum of 1.25 million b/d. But reaching this would be quite an achievement given ongoing challenges including a reluctance of IOCs to recommit capital and expertise an NOC starved of funding and not least the propensity for violence to flare up and armed groups to hinder oil output. Our political analysis draws from our sister company Verisk Maplecroft to evaluate possible political scenarios and outcomes for Libya over the next year.

What's included

This report contains

  • Document

    Libya hits production landmark but political divisions overshadow outlook

    PDF 1.18 MB

Table of contents

Tables and charts

This report includes 6 images and tables including:

Images

  • Libya hits production landmark but political divisions overshadow outlook: Image 1
  • Libya hits production landmark but political divisions overshadow outlook: Image 2
  • Libya hits production landmark but political divisions overshadow outlook: Image 3
  • Libya hits production landmark but political divisions overshadow outlook: Image 4
  • Control of Libyan territory by group

Tables

  • Quantification of Verisk Maplecroft terminology

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898