Crude oil and natural gas export revenues are a significant part of Libya’s economy, accounting for an estimated 97% of Libya’s total government revenues and an estimated 93% of the country’s total value of exports in 2023.13 We estimate that Libya’s net oil export revenues totaled $30 billion in 2023, similar to 2022 totals.

In 2020, oil revenue accounted for over 50 percent of the Libyan GDP, the largest share in Africa. Although to a lesser extent, Libya’s economy also profits from the gas sector, as the...

2025年4月7日 · Libya, long regarded as one of Africa’s most geologically rich petroleum provinces, is re-emerging with renewed focus and ambition. After years of underinvestment, geopolitical instability, and widespread field shut-ins, the National Oil Corporation (NOC) is actively working to reposition the country as a key energy partner on the global stage, underpinned by ambitious production growth...

2025年1月11日 · After decades of low interest in Libya’s oil and gas sector due to sanctions and the civil war, a possible new chapter could open in 2025. Based on the potential tender by the Libyan National...

2025年4月7日 · Libya has launched its first oil and gas exploration bid round in 18 years, offering 22 offshore and onshore blocks under production sharing agreements to attract foreign investment and boost its ...

2025年4月7日 · Oil and gas accounts for around 95 percent of the Opec member’s revenues, while eastern Libya – under the control of Khalifa Haftar – produces about two-thirds of its oil. The NOC has oversight of Libya’s oil revenues. US crackdown puts Libya’s economic future in jeopardy; Exit of Libya’s oil chief is a sign change must come, say ...

1 天前 · Libya’s latest oil and gas licensing round roadshow will be held in Istanbul on 17 April, as part of the country’s efforts to drum up interest in 22 offshore and onshore blocks.

2024年12月4日 · Libya was the seventh-largest crude oil producer in OPEC and the third-largest total petroleum liquids producer in Africa, after Nigeria and Algeria, in 2023. 1 At the beginning of 2024,...

2024年1月11日 · As Europe searches for alternative energy sources and reduces reliance on Russian energy, Libya is well-positioned to become a pivotal export hub for oil and gas. Despite past political volatility, the current outlook suggests …

2024年12月17日 · Libya already holds the largest proven oil reserves in Africa, with over 48 billion barrels of oil and significant natural gas reserves. Despite these rich resources, Libya remains a high-risk investment destination due to its unstable political and security situation.