Publication:
The Importance Of Oil And Gas Sector For Libya: Current Scenario And Future Trends

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dc.contributor.authorMohamed Ibrahimen_US
dc.contributor.authorMahazan Abdul Mutaliben_US
dc.contributor.authorAdel M.Abdulazizen_US
dc.date.accessioned2024-05-28T03:28:39Z
dc.date.available2024-05-28T03:28:39Z
dc.date.issued2013
dc.description.abstractThe study was conducted to analyze the importance of oil and gas sector in Libya. This study also describes the current scenario and future trends in oil and gas sector of the country. The paper describes the benefits of oil and gas sector in the economy of Libya. Moreover, the discussion section explains the situation of the current scenario of oil and gas sector in the country. Overview of Oil and gas sector is separately described in this section with the help of variety of charts. Future trends are also part of this section which explains the future plans for this sector by the government of Libya. These plans include with future forecasting of production in oil and gas sector. The production rate of oil and gas sector in the last year is explained in this section. Moreover, opportunities and challenges of oil and gas sector are also illustrated in this paper. It is analyzed that oil and gas is facing many challenges such as political instability, transparency in business practices, security issues and practical logistic issues. The government of Libya must solve these issues in order to sustain the development of economy. This sector also contains some major opportunities such as development of economy through better infrastructure, revamp its global strategies to attract global oil and gas companies, to explore new reserves in the country and use new techniques for exploration and production of oil and gas. The government of Libya must work out on these opportunities for enhancing the economic development in the country.en_US
dc.identifier.citationAustralian Journal of Basic and Applied Sciences, 7(8): 202-206, 2013 ISSN 1991-8178en_US
dc.identifier.epage206
dc.identifier.issn1991-8178
dc.identifier.issue8
dc.identifier.other67-3
dc.identifier.spage202
dc.identifier.urihttp://ajbasweb.com/old/ajbas/2013/June/202-206.pdf
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/4348
dc.identifier.volume7
dc.language.isoenen_US
dc.publisherAustralian Journal of Basic and Applied Sciencesen_US
dc.relation.ispartofAustralian Journal of Basic and Applied Sciences(AJBAS Journal)en_US
dc.subjectAbundant,en_US
dc.subjectinfrastructure,en_US
dc.subjectUnemployment,en_US
dc.subjectForeign Investment,en_US
dc.subjectCrude Oilen_US
dc.titleThe Importance Of Oil And Gas Sector For Libya: Current Scenario And Future Trendsen_US
dc.typeArticleen_US
dspace.entity.typePublication

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