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 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.

2019 In Numbers

Crude Output	1.11	mn b/d
Gas Exports	5.7	bcm
Oil Rig Count	13	-
Gas Rig Count	1	-

Geopolitical Risk

14 Feb, 2020

Featured

Oil Blockades Take Their Toll On Libya

Libya’s lifeline oil revenues are falling, power stations are shutting down and the country’s largest operational refinery has been forced offline.

Libya Oil Output Down More Than 1mn b/d Resulting In Over $1.4bn Of Losses*

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NEWS IN BRIEF

Libya: NOC Slams Illegal Jet Imports

20 Mar, 2020

Libya’s Oil Continues Its Fall

13 Mar, 2020

Libya Output Lowest Since 2011

6 Mar, 2020

Libya’s Waha Gas Output Hits Record In 2019

7 Feb, 2020

Embattled Libya NOC Eyes Beda And Haram Fields Boost

31 Jan, 2020

All Eyes On Berlin For Libya Conference

17 Jan, 2020

Libya Oil Revenues Fall 8% To $22.5bn

17 Jan, 2020

Medco Selling Key Libya Project

10 Jan, 2020

SELECTED DATA

Libya Oil Output Down More Than 1mn B/D Resulting In Over $1.4bn Of Losses*

1: Oil Exports From Libya’s Export Terminals In 2019 ('000 B/D)

2: Libya Has Drawn On Its Forex Reserves At Times Of Lower Crude Output ($Bn, End-Year)

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