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
-
| 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 | - |
13 Dec, 2019
Featured
Libya’s NOC Clears House With Key End-Year Deals
Libya this week buried the hatchet on long-running disputes with Total and Wintershall Dea, securing major investment commitments. NOC has ambitious plans to boost output to 2.1mn b/d in 2024. With other IOCs wary of the war-ravaged country, the latest deals could prove key to success.
Libya's Key Oil Infrastructure
NEWS IN BRIEF
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
Libya Restarts Damaged Oil Field
20 Dec, 2019
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
SELECTED DATA
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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