Libya is Too Risky for Big Oil

Libya is Too Risky for Big Oil

Why are oil operators even entertaining Libya? The key risk assessment here seems to be the overly simplified notion that it’s been 5 years since Libya’s civil war ended, and the dust has settled. Nothing could be further from the truth, even as Libya’s NOC gets all pomp and circumstance with its new exploration contracts for the first time in two decades. The European interest is largely about replacing Russian oil, even as Russia works to expa…