Middle East Economic Survey


No 37


IOCs Face Uncertain Future In Libya Following Ghanems Resignation

The forced resignation last month of Shukri Ghanem as chairman of the National Oil Corporation (NOC) has created a new world of uncertainty for international oil companies (IOCs) operating in Libyas opaque oil sector. Dr Ghanem is widely credited with opening the countrys oil sector up to foreign investment after economic sanctions were lifted, and many IOCs owe their Libyan...