Libyan Oil: Before and After Moammar Gaddafi

While National Transitional Council [NTC] forces, with the help of NATO, were successful in toppling the regime of Moammar Gaddafi, future Libyan oil production remains uncertain. Current production is at very low levels as a result of the tenuous security conditions created by the eight month conflict, which began in February 2011. Uncertainty surrounds the NTC’s ability to create a secure environment, in which foreign oil companies are willing to return to the oil fields of Libya. This report provides a chronological overview with a discussion of the role and significance of Libyan oil both domestically and internationally. The document then explores the economic implications of the Libyan conflict on oil markets. It examines the challenges to be met in resuming oil production in post-conflict Libya and the rising concerns over oil prices and future oil production. Read more