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Article: Libya's NOC Plans To Become An IOC - To Move First Into ENI.
- Article from:
- APS Review Oil Market Trends
- Article date:
- December 15, 2008
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*** Libya Has More Than $60 Bn Invested Overseas, Mainly In The EU And Africa, With Its SWF Being In Charge Of The External Petroleum-Based Operations Which Are Managed By OilInvest
*** But As Qadhafi Keeps Changing Structures & People In Charge, It Has Become Extremely Difficult For An Outsider To Get A Clear Picture Of Libya's Petroleum Sector
*** Paper WTI Now Is Moving From Over $45 To Less Than $40/Barrel; After The Winter Months, It May Fall To A Range Of $30-35/B, Even If OPEC Continues To Cut Production As World Oil Demand In 2009 Will Be Lower Than In 2008; Recession Is Deepening
The state-owned National Oil Corp (NOC) of Libya, one ...