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Libya's New Unity Government Reignites National Oil Sector


Charnè Hundermark, Southern And East Africa Editor
April 19, 2021
Image: Anadolu Agency
Since the overthrow of Muammar Gaddafi in 2011 – Libya’s national ruler for 42 years – the country has experienced over a decade of violent civil war, in which opposing factions from the East and the West have led to a state of persistent political and social upheaval. Despite holding the largest proven oil reserves in Africa – estimated at 48.3 billion barrels – and approximately 1.5 billion cubic feet of natural gas,  civil conflict has resulted in several facility shutdowns as well as damage of critical oil fields. However, with the swearing-in of a new Unity Government on March 15, 2021 – a pivotal moment in the country’s history – key opportunities for the growth of the domestic oil and gas sector have arisen, driven by enhanced political stability and strong governmental support.   ....

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