NRGI set out to collect total oil, gas and mining revenue data for the countries included in the Resource Governance Index to find out how many dollars flow to governments that mismanage the handling of their natural resources.
Carole Nakhle, an NRGI advisory council member, founder and director of London-based advisory, research and training company Crystol Energy, and founder of Access for Women in Energy, shared her impressions of the global hydrocarbons market, as well as some thoughts on key producers in the Middle East and North Africa, in this interview.
Oil and the revenues it brings shape Libya’s economic and political landscape. The Libyan Investment Authority (LIA) and its management, therefore, are of central focus for good governance advocates inside and outside the country.
Over the past two decades, we have learned a lot about the “resource curse.” Libya in particular finds itself as an unfortunate case study, proving various hypotheses of scholars and policymakers around the subject.