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	-

Geopolitical Risk

29 Nov, 2019

Featured

Libya: War Grinds On, Peace Prospects Slim

Libya’s civil war has ground into a stalemate, while planned peace talks are a mirage. Periodic flareups curtail oil output and obstruct expansion.

Tirpoli's Front Lines Have Barely Changed In Months

Choose Sections

NEWS IN BRIEF

Key Libyan Oil Field Shut In, Again

6 Dec, 2019

Libya Boosts Wafa Gas Output

8 Nov, 2019

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

Libya’s Western Government Posts $6.9bn Surplus In 1H19

19 Jul, 2019

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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