Both the performance and the potential of Libyan Oil warranted the need for this research into the energy policies of the current regime. The author surveys the historical and geological determinants of oil development. The impact of the central government and the Libyan National Oil Company on current exploration and development is studied closely providing insight into why some foreign companies have stayed in Libya and why some others have joined them. Pricing policies and efforts at furthering downstream integration, in Libya and in Europe, are dealt with in detail. The effect of national development plans on oil policy and the consequences of continued US and UN sanctions are both investigated thoroughly.
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"...a wonderfully concise and succinct treatment of the subject that both Libya and oil industry specialists will want to read....an important, judicious and welcome addition to the literature on Libya and on the international oil industry."--Middle East Journal
About the Author
Judith Gurney, Research Fellow, Oxford Institute for Energy Studies.
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