The complex that houses the world’s largest liquefied natural gas export plant has suffered “extensive damage” after an Iranian attack, hours after Tehran warned of threats to energy facilities across the Gulf. bloomberg.com/news/articles/…

The timing of these events in the #energy sector cripple the economies of those that produce within the conflict zones & hurt consumer states that heavily rely on imports & low barrel price to maintain their grip on poorly run economies ie developing countries across MENA #libya

I hate to be the bearer of bad news but if infrastructure like this 👇 gets blown up, as of this moment it will take at least a decade to recover from this war - and the truth is that the world's energy picture is probably changed forever. This single facility 👇produced roughly

Next up: US asks Iran to join anti-Iran coalition

Not first risky salvage operation conducted in #Libya territorial waters in the last few years. Normally #Maritime authorities rely on capabilities on oil sector & its private sector to support with salvage ops. Overcoming sanctions possible…cargo not commercial grade anymore

Buying time…. In #Libya fashion #oil #public #sector #corruption

These deals are never neatly packaged where numbers all align in terms of debt & cost of cargo to balance books Historically these 2 states havent enjoyed good relationship when it comes to politics of energy & finance A fragile arrangement #libya #egypt x.com/i/status/20401…

As US is in a war of choice in same region, its also attempting a form of diplomacy in #Libya with "the same transactional logic: stability without accountability, commercial arrangements w/o democratic legitimacy...so the #oil keeps moving" says Anas El Gomati x.com/i/status/20412…

Yet there still isnt a transparent mechanism by which NOC records & publishes these numbers. Its important to scrutinise these figures particularly when the NOC have been questioned by CBL over accuracy of these numbers related to revenue #libya #accountability #oil

The Arkenu scheme still appears alive and well. Worth noting that without ensuring that all of Libya's oil proceeds are deposited in the sovereign accounts of the NOC at the Libyan Foreign Bank, the US-sponsored unified spending agreement may as well be a paper promise.

UNSC meetings on #Libya since 2022: rinse and repeat x.com/i/status/20472…