Country Forecast

January 2011
Political Risk Yearbook: Libya Country Report;2011, p2
Country Report
The article presents an economic and political outlook for Libya as of March 2010. It is expected that Colonel Muammar al-Qaddafi will not give up power in the next five years as he take steps for a transfer of power to one of his children. Developments in the hydrocarbons sector is affected by a conflict between the reformist and conservative camps in the government. A weak oil output will likely be due to logistical obstacles, policy uncertainty and production quotas imposed by the Organization of Petroleum Exporting Countries (OPEC).


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