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Libyan Civil War Could Drive Away Energy Investment

One thing that keeps uniting the warring factions in the spilling-out-of-control civil war in Libya is crude oil revenues. Despite falling from a high of 1.7 mbd shortly before the toppling of Colonel Qadaffi, oil production hovers around 600,000 bpd today, which is still enough to pay for the subsidies …

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Libya: UN mission welcomes ceasefire, withdrawal of forces in Sidra Oil Crescent region

The United Nations Support Mission in Libya (UNSMIL) has today welcomed the ceasefire and the withdrawal of forces from the Sidra Oil Crescent area, a move which follows weeks of mediation efforts between parties.

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