Recent protests with varying social and political demands have dealt a blow to Libya’s lifeline oil sector by halting production at one of the country’s largest fields and threatening to shut down key refineries and export terminals.
The major disruptions and threats of further escalation are highlighting deep-rooted political divisions and raising concerns of a return to instability. They also undermine Libya’s ambitious 2mn b/d five-year target, with the country already struggling to maintain its current 1.2mn b/d capacity due to aging infrastructure, stalled development deals, and political divisions. (CONTINUED - 1466 WORDS)
