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.
13 Nov, 2020
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Libya’s NOC has proven its ability to bounce back quickly. But there are key technical and financial challenges to sustaining 1mn b/d-plus output.
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