[Marxism] Libya, a war for oil?

Louis Proyect 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.

full: http://www.thenation.com/blog/162908/obamas-nato-war-oil-libya

* * * *

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 
Libya’s upstream.

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.

full: http://blog.evaluateenergy.com/companies/major-ioc/libyan-oil-gas




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