Evaluating the Libyan Gas Sector: Fiscal Policy and Contractual Terms
Article from: OGEL 1 (2015), in Natural Gas Developments: An International and Challenging Legal Framework
Introduction
Libya is a country situated on the southern Mediterranean coast, being part of the African continent with a coastline of around 2000km and a land area of 1,759,540 km, making it the fourth largest country in Africa by area. It shares borders with Egypt in the east, Sudan in the southeast, Chad and Niger in the south, Algeria to the west and Tunisia to the northwest. Despite its massive area, its population in 2013 stood at 6,002,347, mainly concentrated in the Mediterranean coastal belt.