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.
| 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.
5 Mar, 2021
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Libya’s foreign operators had a year to forget in 2020 as the oil sector was practically shut in for eight months of the year. Those that hope steady Libyan revenue will help fund ‘green’ makeovers may yet be disappointed.
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