In 1959 the Libyan economy was transformed when it was discovered the country had huge potential for oil extraction. With Libya possessing some of the largest proven oil reserves in Africa, oil accounts for approximately 95% of Libya’s exports.
The death of leader Muammar Gaddafi was the beginning of chaos for Libya, with internal conflicts arising from the split of political intentions. The Islamic State arrived and received little worthwhile opposition from opposing states. During this time, crude oil slumped from a strong $110 to a measly $55 a barrel, and consequently Libya’s oil production was halved.
The Islamic State is thought to fear oil production and power generation facilities in Libya, and see this as opportunity for Western countries to ‘steal’ Libya’s oil and power before using it to grow their own economies. The IS has attacked and captured a number of the country’s largest power facilities to ensure they are restricting services to Western oppositions.
The GNA (Government of National Accord) began operating in Libya in April 2016 and the unity with Libya is now supported by the United Nations. Philip Hammond, the British Foreign Secretary, recently visited Tripoli and has announced that the United Kingdom will be donating £10 million to back the new Government of National Accord.
According to the Guardian, the British government is seriously considering Libya’s request for air and/or naval support. The European Union are also responding to requests of assistance with Libya’s security sector, such as border management, police capacity and migration management. What we can be sure of is that this breakthrough will benefit Libya in the most profound way after nearly five years of struggle. We are also seeing companies that have moved away from operating or trading with areas such as Libya and Iraq slowly venturing back into these countries due to the unities the UN are trying to encourage with the GNA.
Energy Jobline has been working closely with JDR Energy, a recruitment specialist working across the energy sector. Whilst on a macro scale the new government body are working with the UN to restrict and eventually demolish the movement of Islamic State, on a grass roots level companies like JDR Energy are supporting candidates and companies working in the region and those who are considering it as an option.
This level of support means that companies and candidates can feel more secure about operating in these affected areas such as Libya. After speaking with Jack Rawcliffe, Managing Director of JDR Energy, we found that they established the need for security and decided to brainstorm innovative ideas to aide their clients and candidates during these conflicts.
These security measures counteract the ever present concerns that currently jeopardise recruitment in war affected areas such as Libya. Although requiring heavy upfront investment and margin cuts from JDR Energy, along with having to combat the differences in working days in comparison to Europe, this crucial level of support has enabled many of their energy clients to either continue or begin recruiting candidates to work in these areas; where there is huge opportunity for oil and power generation, but are severely affected by the revolution.
Jason Woods, Libya Director of SNE Special Projects (no Janus Global Operations) said “The security situation in Libya has steadily declined since the end of the 2011 revolution, to the point where we find ourselves today; with three governments in the country. The General National Congress (GNC) based in Tripoli, the House of Representatives (HOR) based in Tobruk and the newly installed and internationally backed Government of National Accord (GNA) currently based in the Naval base in Tripoli and steadily building support across the political spectrum led by Faiez Serraj and backed by most of the international community
The next few months will be key to Libya`s long term future, with the pending military action against ISIS around Sirte and then to see if all political parties and militias get in behind Faiez Serraj and support him to unify the country and its people and get them back on track for a safe and prosperous future.”
These challenges are still at large, but with the support of the UN and the new Government of National Accord being in full operation, the industry needs companies to be facilitating the desperation for security and support where possible to allow business to continue in Libya and the economy to be restored.
Looking for a new opportunity that offers security at all stages of the recruitment process? Search JDR Energy's jobs today!