North Africa
Libya
Prior to the 2011 revolution Libya was a key member of Opec, producing in excess of 1.5mn b/d. While to paper such levels appear within touching distance, persistent political instability remains the biggest challenge to overcome.
State of Play
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.
2021 In Numbers
| Crude Output | 1.181 | mn b/d |
| Gas Exports | 3.23 | bcm |
| Oil Rig Count | 13 | - |
14 Mar, 2025
Featured
Libya’s Mega 22-Block Bid Round
After finally launching a long-awaited bid round, NOC has laid out the details of the 22 concessions on offer. In total a whopping, 235,000 Km2 is being offered up, including swathes of onshore and offshore acreage with 19 previous discoveries totaling 1.63bn boe.
Libya Bid Round 2025: 22 Bidding Areas
NEWS IN BRIEF
Libya Restarts Mabruk Oil Field
14 Mar, 2025
Libya Welcomes Frozen Asset Breakthrough
24 Jan, 2025
Libya’s Central Bank: New Board
25 Oct, 2024
Libya: Crude Output Record?
18 Oct, 2024
Libyan Rivals Reach Deal To Resolve CBL Crisis
27 Sep, 2024
Libya-Italy Gas Slump
26 Jul, 2024
Repsol: Libya Upstream Study
26 Jul, 2024
Libya: New Output Record
19 Jul, 2024
SELECTED DATA
Libya Remains Eni’s Number Two Producer Globally But Output* Has Halved Since 2017
Libya Crude Exports Remain Less Than Half Levels Seen Before Haftar's Late-August Shut-In Diktat ('000 b/d)...
...With Almost All September Volumes Loading At Eastern Ports
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