No IOC active in Libya has yet openly talked of withdrawal. But almost all have radically scaled back expectations of what, if any, output they expect this year.
International oil companies operating in Libya are pessimistic about the prospects of a return to stability during 2015. Several have slashed planned investment, and France’s Total has announced an impairment on its assets, according to a recent slew of quarterly results.
Austria’s OMV has cut back its...