Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
Libya Oil and Gas Report Q1 2014

Libya Oil and Gas Market: New market analysis released


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-02-07 23:18:03 - Libya Oil and Gas Report Q1 2014 - a new market research report on companiesandmarkets.com

The security risks in Libya that we highlighted could threaten the oil and gas industry´s recovery in 2012 have played out. Production has fallen rapidly in Q313 on the back of resurgence in domestic tensions, which could be exacerbated by growing unrest in the wider North African region. Oil and gas production forecasts have been downwardly revised as a result of these developments, particularly for the short term as political tensions are not likely to be resolved in early 2014. The deficit of greenfield investment, owing to political unrest, will spill over into the long term in the form of slower production growth, as Libya underperforms its raw hydrocarbon potential.

The key trends and developments in Libya´s oil and gas sector

 

 

are:

- In view of a deterioration in political stability that has disrupted production, we have further downgraded our oil production forecast, based on expectations for political tensions to persist through the rest of the year; such that there would continue to be a shut-in of oil export facilities. We have revised our 2013 estimate for Libyan crude oil, natural gas liquids (NGL) and other liquids output in 2013 to 870,640 barrels per day (b/d). This has had a knock-on effect on our forecast for 2014 as we expect the current state of unrest to continue. The political impasse could stabilise by 2015, which could then see a rebound of oil production.

Click for report details: www.companiesandmarkets.com/Market/Energy-and-Utilities/Market-R ..

Browse all Energy and Utilities Market Research Reports www.companiesandmarkets.com/Market/Energy-and-Utilities/Market-R ..

Browse all Energy and Utilities Company Profile Reports www.companiesandmarkets.com/Market/Energy-and-Utilities/Company- ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser