A month after demonstrators closed down parts of Libya’s oil production and export infrastructure, halving oil output in a protest against Prime Minister Abdel Hamid Al-Dabaiba’s refusal to hand over power, political and economic pressure is building at every point in the system. It remains unclear whether a deliberate financial squeeze will succeed in driving Dabaiba from office, or whether compromises can be found to get oil flowing again.
Issue 460 - 16 May 2022
The problems of Nigeria’s southeast are rarely far from being a political and oil company preoccupation. Issues of governance and reputational damage weigh heavy on majors’ perceptions about operating in a lucrative but troubled region as lawyers busy themselves acting for local communities against Royal Dutch Shell and potentially other IOCs in a series of class actions. The new military top team appointed by President Muhammadu Buhari is challenged with reducing insecurity, including from rising levels of piracy in the Gulf of Guinea.
Issue 433 - 25 February 2021
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