On the face of it Libya’s oil sector is running smoothly. Oil output is at an eight-year high, averaging 1.2-1.3mn b/d since the start of the year, the National Oil Corporation (NOC) has declared the sector open for investment and security around oil facilities has vastly improved over the past several months.

This is in large part due to an October ceasefire agreement between previously warring eastern and western forces which paved the way for the creation of Libya’s first unity government in six years (MEES, 12 February). (CONTINUED - 1372 WORDS)