Libya’s comeback continues to surprise oil markets (WorldOil)

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November 27, 2020

Crude output has surged to nearly 1.25 million barrels a day from almost a dead start in September, thanks to a tentative peace between rival military forces. The OPEC member is already pumping about three-fourths as much as it did before the 2011 uprising that toppled strongman Moammar Al Qaddafi and triggered the country’s political and economic collapse.

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General Information

March 31, 2021

for interactive Dashboard click here Introduction Libya is a member of the Organization of the Petroleum Exporting Countries , the holder of Africa’s largest proved crude oil reserves, and the fifth-largest holder of Africa’s proved natural gas reserves . more info: International - U.S. Energy Information Administration (EIA) Geologic information The main producing basins of Libya are in order of importance: Sirt Basin (Mesozoic) , Ghadamis Basin (Palaeozoic) , Murzuq Basin(Palaeozoic ) , and Tripolitania (Subrata) Offshore Basin. more info: Libyan Oil Basins - SEPM Strata Petroleum Management Petroleum industry in Libya is controlled by The National Oil Corporation (NOC; Arabic: المؤسسة الوطنية للنفط ‎) which is the national oil company of Libya. It dominates Libya's oil industry, along with several smaller subsidiaries, which combined account for around 70% the country's oil output of NOC's subsidiaries, the largest oil producer is the Waha Oil Comp...