Libya’s new oil order is built on shaky ground

Libya’s latest reshuffle of the National Oil Corporation has largely been interpreted as a corporate exercise: a new chairman, reconfigured board, renewed licensing rounds, and ambitious production targets aimed at restoring the country’s position among the Mediterranean’s leading oil producers. Many observers have even welcomed the changes as further evidence that Libya is finally turning the page after more than a decade of conflict. Such optimism, however, mistakes administrative coordination for institutional recovery.

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