ASSESSMENTS

The Significance of Libya's Gulf of Sidra Energy Assets

Feb 23, 2011 | 22:26 GMT

Reuters

Summary

The heads of several oil companies in eastern Libya's Gulf of Sidra region announced Feb. 23 they had "pledged loyalty to the people" and were splitting from Moammar Gadhafi's regime. The Gulf of Sidra is critical to Libya's energy exports, and its major ports handle approximately 77 percent of Libya's oil exports. It is still very early in the conflict, but if eastern forces gain control over this region, it could provide crucial strategic depth in their fight against Tripoli.

Energy-rich areas of eastern Libya seem to be slipping from Tripoli's control. (With STRATFOR map)...

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