Long North Africa’s biggest oil producer, Libya has been chronically unstable since the 2011 revolution that overthrew Gaddafi. An eight-month oil blockade in 2020 reduced crude output to its lowest level since 1962. While oil is flowing again, the future trajectory of the sector remains firmly tied to Libya’s ever-tenuous political atmosphere.
| Crude Output | 341 | 000 b/d |
| Gas Exports | 4.46 | bcm |
| Oil Rig Count | 11 | - |
| Gas Rig Count | 1 | - |
| Nominal Refining Capacity | 380 | 000 b/d |
11 Jun, 2021
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Libya hopes to hike output to 2.1mn b/d by 2025. But it can’t do it alone. Billions are needed to kickstart projects and revitalize crumbling oil infrastructure.
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