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.

Geopolitical Risk

28 Aug, 2020

Featured

Libya: Symptoms Of A Failed State

Moves towards a lasting ceasefire have been overshadowed by protests against Libyan leaders’ chronic inability to provide basic services.
Libya Crude Output (mn b/d): The Oil Blockade Has Reduced Production By More Than 1mn b/d
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NEWS IN BRIEF

Libya’s $10bn Black Hole

18 Sep, 2020

Libya Exports More Crude

4 Sep, 2020

Eastern Libya Threatened With More Power Cuts

14 Aug, 2020

Libyan Crude Cargo In Limbo

7 Aug, 2020

Audit For Libya’s Central Banks

31 Jul, 2020

Russian ‘Mercenaries’ Enter Libya’s Sharara Field

26 Jun, 2020

Libya’s NOC Plans Sharara LPG

8 May, 2020

Libya Gas Pipeline Reopens

1 May, 2020

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SELECTED DATA

1: Libya’s Crude Output Has Crashed Following A Seven-Year-High Performance In 2019 (mn b/d)

2: Wishing 35,000 B/D: OMV Hasn’t Managed Its Libya Oil Production Capacity Since At Least 2009 (‘000 B/D, OMV Net Libya Output)

3: El Sharara Output Has Slumped Since A Forced Valve Closure On Its Pipeline Shut-In Output On 18 January ('000 B/D)

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