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
-
| 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 | - |
20 Sep, 2019
Featured
Libya’s NOC Looks To Take Development Inhouse With New Zallaf Subsidiary
With many IOCs either quitting Libya or stalling on investment, NOC has launched a subsidiary to develop a swathe of untapped discoveries. But the constraints are numerous.
Libya’s Key Oil Infrastructure And Zallaf Blocks
NEWS IN BRIEF
Libya Bumps Kerosene Prices
18 Oct, 2019
Libya: Petchems Start-Up
11 Oct, 2019
Libya Forex At Five-Year High
13 Sep, 2019
Libya Plans Petchems Restart
16 Aug, 2019
Eni Starts Up Libya Gas Project
2 Aug, 2019
Lebanon Turning Fiscal Corner?
26 Jul, 2019
Libya’s NOC Pushes Gas-To-Power Plan
12 Jul, 2019
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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