Libya Could Make or Break Biden’s Middle East Oil Diplomacy

16 Jul 2022 · 11 min
10:59

Dr Ali Al-Sharif and Omid Shokri discuss Libya's oil sector and its role in Biden's Middle East energy strategy. Libya holds 48 billion barrels of proven reserves but production has collapsed to 100-200k barrels per day from a historic 1.3 million. Political fragmentation and aging infrastructure make it unreliable for Europe's near-term energy needs, though investment could help.

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