[Marxism] Libya, a war for oil?
lnp3 at panix.com
Tue Feb 11 14:53:20 MST 2014
Obama's NATO War for Oil in Libya
Bob Dreyfuss on August 23, 2011 - 7:25 AM ET
What do you call it when the full force of a US/NATO aerial bombardment
is coupled with political support for a ragtag rebel group that, when
victorious, promises to hand over its oil resources to its Western
backers? A war for oil.
* * * *
Oil & Gas Companies in Libya - a Who's Who
Feb 24, 2011 4:25:42 AM
By Richard Krijgsman
The current maelstrom of production cutbacks and staff repatriation by
foreign oil producers in Libya makes it a little harder to be optimistic
on the outlook for the oil business in the country right now. However
there is one factor that may play a positive role in ensuring a positive
outcome for the industry once the dust has settled and that is the
impressive geopolitical diversity of participation in Libyan oil and gas.
Bouncing back from the period of isolation that followed the
nationalization of its oil industry in 1973, there are currently no
fewer than 35 foreign oil and gas companies active in the country,
including leading NOCs and IOCs from every world continent, according to
an analysis of Evaluate Energy’s upstream asset database. Although
there may be short term mayhem, Libyan oil and gas prospects may improve
in the medium term as a result of structural changes that take place now.
By region, there are 14 active companies based in Europe, 11 from the
Asia Pacific region, 6 from North America, 2 from Russia, 1 (Sonatrach)
from North Africa, and 1 (Petrobras) from South America giving a wide
geographical spread to the investment, and hence political interest in
The most important foreign oil producers in Libya are ENI, OMV,
Repsol-YPF, ConocoPhillips, Hess, Marathon, Occidental and Suncor, (see
graph below – but note that Marathon does not report its Libyan output).
But there is also a second tier of companies –those that have lower
levels of production and a smaller range of exploration assets –that
includes Statoil, GDF Suez, Total, Wintershall and Gazprom. Shell,
RWE-DEA and Australia’s Woodside Petroleum are also producing but on a
still smaller scale. Finally there is a large number of companies that
hold equity interests in a smaller number of exploration plays. Details
can be found in Evaluate Energy.
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