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 | 1.181 | mn b/d |
| Gas Exports | 3.23 | bcm |
| Oil Rig Count | 13 | - |
| Gas Rig Count | 0 | - |
14 Feb, 2025
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Libya’s top concession Waha saw output hit an 11-year high 306kbd for 4Q 2024 including a claimed daily high of 375kbd. But Total & Conoco say better terms are needed.
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