Libyan Oil Contracts By Dr. Mohamed Karbal, Managing Partner at Karbal & Co. Understanding how Libya structures petroleum rights requires historical context. Fiscal terms, state participation, and negotiation posture did not emerge in a vacuum; they evolved from poverty at independence, rapid resource nationalism, and the institutional role assumed later by the National Oil CorporationContinue reading “Libya’s Oil Contract System: From Pre-Discovery Hardship to the Next EPSA Generation”