Middle East Economic Survey

VOL. XLVII

No 46

15-November-2004

LIBYA

Mature Field Output Declines Challenge Libyas Aggressive Capacity Expansion Plans

Following two decades of isolation and sanctions, Libya will need a major increase in the inflow of foreign direct investment and technology transfer if it is to soften the impact of the natural decline in oil output from mature fields, which is estimated as high as 7-8% per year. According to a report by Sharif Ghalib of Energy Intelligence Research...