Tag Archives | privatisation

The Need for a Smaller State Sector

By Padraig O’Hannelly. In his report on Libya’s banking sector, published yesterday by the Legatum Institute, Brehon Advisory‘s Mark Dempsey points to, among other things, the need to create employment opportunities in the private sector. At least 150,000 new jobs are required each year for the next five years, in addition to the 860,000 jobs […]

The Role of the State in Libya

By Padraig O’Hannelly. In most developed societies, the state runs the police and the army, while the supply of goods and services is left, for the most part, to the markets. Not so in Libya, where this model is reversed. Here, the state has a very tenuous grip on security, with private militias effectively running […]

Marathon Oil’s Change of Mind

By Padraig O’Hannelly. The decision by Marathon Oil to stay in Libya, retaining its stake in the Waha Oil Company (WOC), is starting to look a little odd to some people. If we are to take the reports at face value, Marathon updated the National Oil Corporation (NOC) on the status of the project and […]

Libya may Privatise 9 State Firms

Industry Minister Suleiman al-Fitouri [Suleiman Ali Al-Fitory, Sulaiman Ali Al-Lteef Al-Fituri] (pictured) has told Reuters that Libya is considering selling off nine state-owned companies. In a first step towards privatisation, the government has launched a process to estimate the value and performance of the companies, which include the Misrata-based Libyan Iron and Steel Company (LISCO), […]