Libya: Energy investments persist in a puzzling land

07/21/2003
Libya1 is an underexplored, underinvested, underestimated, risk-filled, yet opportunity-laden country. Trying to figure out how and why certain decisions are made is sometimes akin to figuring out the Churchillian "riddle wrapped in a mystery inside an enigma."This is a country that seems very much locked in the time of Nasser's Egypt (1952-70) in economic policies but with the added constraints of the political and social policies based on the Green Book of Muammar Qadhafi. It is also a country of changing business goalposts, flexible rules, and delays. It is not exactly unexpected that contradictory political and other signals might emanate from Libya on a regular basis.Even with Qa...
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