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.
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