You have received this free report as a member of our email list. To access further analysis of the situation as it develops, become a full subscriber.
Crisis Report: Unrest and Libya's Energy Industry
Unlike energy produced in most African states, nearly all of Libya’s oil
and natural gas is produced onshore. This reduces development costs but
increases the chances that political instability could impact output —
and Libya has been anything but stable of late.
Libya’s 1.8 million barrels per day (bpd) of oil output can be broken
into two categories. The first comes from a basin in the country’s
western extreme and is exported from a single major hub just west of
Tripoli. The second basin is in the country’s eastern region and is
exported from a variety of facilities in eastern cities. At the risk of
oversimplifying, Libya’s population is split in half: Leader Moammar
Gadhafi’s power base is in Tripoli in the extreme west, the opposition
is concentrated in Benghazi in the east, with a 600 kilometer-wide gulf
of nearly empty desert in between.
Read more »
