For a country that contributed just 1.5% to Total’s net global output in 2020, Libya sure does get a lot of attention. The French major’s executives have visited Libya no less than three times in the past five months, with CEO Patrick Pouyanné the latest to fly in on 21 April.
Frequently hit by forced production shutdowns – whether due to civil unrest, budgetary issues or worker grievances – Libya has been a source of major disappointment to IOCs since the fall of long-time ruler Muammar Gaddafi in 2011. (CONTINUED - 1763 WORDS)