Attacks on energy facilities on Libya’s coast indicate a “severe and rising threat” and raise prospects for further disruptions to oil supply, warns a risk analyst at JLT Specialty , London. Especially threatened is the western Sirte basin, says Senior Consultant Ruth Lux. Islamic State (IS) and affiliated groups want to isolate and control energy assets in the region, Lux says. The groups “already pose a significant physical threat to energy targets in the western Sirte basin” and want to expand. In October, the latest month for which OGJ has data, Libya produced about 430,000 b/d of crude oil. In 2010, before disruptions caused by civil war and subsequent violence, production averaged 1.65 million b/d. Lux described these recent attacks: • On Jan. 4, four IS fighters used vehicle-borne improvised explosive devices (VBIED) to assault the perimeter gate of the Es Sider oil terminal between Sirte and Benghazi. The […]