North Africa

Libya

Prior to the 2011 revolution Libya was a key member of Opec, producing in excess of 1.5mn b/d. Despite the best efforts of NOC chief Sanalla to overcome chronic instability, it remains a long way off returning to this.

State of Play

Long North Africa’s biggest oil producer, Libya has been chronically unstable since the 2011 revolution that overthrew Gaddafi. Things looked on the up as the country exited 2019 with a seven-year high 1.11mn b/d. But the outlook for 2020 looks bleak as oil continues to be used as a weapon in inter-factional fighting.

2019 In Numbers
Crude Output 0.99 mn b/d
Gas Exports 0.95 bcm
Oil Rig Count 4 -
Gas Rig Count 1 -

ALL DATA 2018 UNLESS OTHERWISE INDICATED.

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SELECTED DATA

2: Libya’s NOC Is Looking At $6.6bn* In Revenues This Year Compared To $22.5bn In 2019

2: Libya’s Waha Output Was Wiped Out By The Oil Blockades In Q2 And Q3

Libya Has Exported Nearly 15mn Barrels* Since September...

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