This move was made specifically to allow an oil tanker ship to carry condensate for use in power generation in the country, but the expectations were that it would presage a broader opening of Libya’s oil export infrastructure. Sanalla, highly respected by several international oil companies (IOCs) for keeping much of Libya’s oil production flowing despite extreme political pressures from all sides in the ongoing civil conflict, has rejected Prime Minister Dbeibah’s authority to sack him. This said, the NOC had plans in place before 2011 to roll out enhanced oil recovery (EOR) techniques to increase crude oil production at maturing oil fields. It is apposite to remember at this point that Libya still has around 48 billion barrels of proved crude oil reserves – the largest in Africa. Indeed, during the last major series of blockades of Libya’s oil infrastructure, the U.S. ambassador to Libya, Richard Norland, urged the country’s central bank to safeguard oil revenue from misappropriation.

Source: Libya Today July 19, 2022 21:57 UTC