African Energy’s investigation into National Oil Corporation (NOC)’s large budget and the failings at two of its most important upstream oil and gas projects shows how events at the national oil company holds significance far beyond the small number of oil majors and their partners who are directly involved.
Understanding how Libya’s hydrocarbons sector is being run is a matter of vital concern to the Libyan people, whose futures are tied to its success or failure.
The investigation should also be of prime interest to a wide range of African Energy subscribers, including those involved in renewable and thermal power or the trade in gas and liquid fuels. Sooner or later, resolving the problems that African Energy is exposing will require the involvement of businesses across the whole energy sector spectrum.
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