Oil and Gas Investment in Libya Volume 3

Published: October 2004
Region: Africa, Libya
CWC Publishing

This third volume of Oil & Gas Opportunities in Libya updates the previous edition published in 2001. This was at a time when Libya, two years after the suspension (but not lifting) of United Nations sanctions, was starting to emerge from its political isolation and offering the international energy community large acreage for exploration and production of oil and gas.

While Libya undoubtedly offers attractive reserves, comparatively low production costs and easy access to the major consuming markets in of Europe, there are still significant difficulties attached to doing business in the country. Most projects require patience as well as good deal of flexibility.

However, this all changed in December 2003 with the surprise announcement that Libya was to give up its weapons of mass destruction. Now, many US sanctions have been lifted – the UN’s went in September 2003 – and finally the country appears to be about to normalise its relations with the outside world.

“Now is the era of economy, consumption, markets and nationalities” said Colonel Ghadaffi in a speech in early 2004. It appears that the old way of doing things in Libya READ MORE >

Executive Summary

Chapter 1: Oil reserves and production
Reserves overview
Current exploration activity
New field developments
Downstream

Chapter 2: Gas, power and chemicals
Gas plans
LNG ambitions
Power projects
Regional growth
Water
Renewables

Chapter 3: Investment opportunities and challenges
Hopes vs reality
Oil and gas
Terms and conditions
The law
Investment criteria
Investor assistance
Risk issues
Regional implications

Chapter 4: Sanctions – then and now
The offer
The response
The legacy

Chapter 5: The economy and politics
Economic picture
Reform plans
Could do better
Privatisation
The politics
Foreign relations

Chapter 6: International oil companies in Libya

Appendix 1: NOC subsidiaries and joint ventures
Appendix 2: Law concerning encouragement of foreign investment
Appendix 3: Libyan statement to abandon WMDs
Appendix 4: Overview of Libyan sanctions regulations
Appendix 5: Highlights of 2003 IMF report on consultation with Libya

Resources for information on Libya

	Format	Properties
Electronic	The report will be emailed to you.

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