A recent report by Oil Price pointed to the continued impact of Libya’s political and security turmoil on the country’s oil sector. The forced closure of the giant Sharara oil field by protestors highlights the obstacles still facing the revival of Libya’s oil industry. The oil blockade also relates to an unresolved political crisis over the equitable distribution of oil revenue among Libya’s factions. Rival administrations headed by Dbeibeh and Prime Minister Osama Hammad have attempted maneuvers to redirect oil income, including replacing the NOC chairman. While progress was made in the gas sector, political instability severely constrains Libya realizing its oil output goals.
