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 Qadhafi. At least 2017 was ‘two steps forward and one step back’ with output rising to a four year high of 1mn b/d. But, amid continued inter-factional fighting, the next move could just as easily be down as up.

2018 In Numbers
Crude Output 0.99 mn b/d
Crude Exports 0.95 mn b/d
Gas Output 9 bcm
Gas Exports 4.5 bcm
Oil Rig Count 4 -
Gas Rig Count 1 -
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SELECTED DATA

Libya's Rollercoaster Swings In Output Have Played Havoc With The Country's Finances

Italy Took A Three-And-A-Half Year High Of 629mn Cfd From Libya In May (Mn Cfd)

Libya’s Gas Output Has Fared Better Than Crude Since The 2011 ‘Revolution’ But Has Dropped 25% Since 2013’s Record 1.79bn Cfd

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