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|
|Oil Rig Count||11||-|
|Gas Rig Count||1||-|
|Nominal Refining Capacity||380||000 b/d|
11 Jun, 2021
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.
28 May, 2021
7 May, 2021
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9 Apr, 2021
19 Feb, 2021
29 Jan, 2021
15 Jan, 2021
8 Jan, 2021
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