Libya: Political Economy of Energy

Both the current and potential production of Libyan Oil warrant the need for research into government energy policies. The author surveys the historical and geological determinants of oil and gas field development. The impact of the central government and the Libyan National Oil Company on exploration and development is studied closely, providing insight into why some foreign companies have stayed in Libya and why 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 considered in depth. This book is intended for oil company, analysts, consultants, academics, bankers, economists, Middle East Specialists.