Middle East Economic Survey

VOL. XLVIII

No 46

14-November-2005

LIBYA

IEA Warns Libya On Reform Delays And Investment Terms

The International Energy Agency (IEA), in its latest World Energy Outlook, has warned Libya that delays in introducing economic reforms and the continuation of unattractive contract terms for oil companies could prevent it from realizing its goal of producing 3mn b/d of crude by 2015. After several decades of being excluded from the international oil investment scene, Libya is...