On 26 January, the Middle East Institute published an analysis article by Jonathan M. Winer titled ‘Making Libya investable again’. The author draws a comparison between Libya and Venezuela as resource-rich countries. While noting that Libya produces a higher-quality oil that is light and sweet, compared to Venezuela’s heavy “sour” oil, the author insists that ‘resource wealth does not equal investability’. ‘The question facing IOCs is not whether Libya has oil and gas to develop. It does,’ he argues. ‘The question is whether the country’s current political, economic, and security conditions allow that potential to be converted into reliable returns — and whether near-term changes could alter that calculation.’
Read the full analysis here.