Middle East Economic Survey

VOL. LI

No 15

14-April-2008

LIBYA

Sirte Basin In Focus As Libyan IOR Program Kicks Off, But Delays Cast Doubt

Plans to boost Libyan oil output from its producing fields are finally coming to fruition. A string of development agreements signed with foreign oil firms late last year and projects planned by the US-led Oasis group indicate that improved oil recovery (IOR) is set to restore some of the OPEC countrys former prestige. Production fell sharply during the 20 years...