Turmoil in Libya Hurts Eni, Suncor More Than Statoil, Total

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Hira Shahnawaz Akhtar
Published on
Updated on

Libyan July oil production dropped 29% MoM and halved over the previous year due to a civil war situation in the country. Furthermore, the country has closed all of its oil export terminals in the Eastern region, making the Mediterranean oil market very uncomfortable about prospects of output from Libya. Oil production in Libya Production in July 2013 averaged at 800,000 barrels per day (bpd). However, recent reports by Libyan local newspapers indicate that the output fell to as low as 600,000 bpd last week. This implies huge losses for the Libya, a country which has a capacity of 1.6…

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.