Energy Report Libya
The Economist Intelligence Unit, October 2012, Pages: 13
The hydrocarbons sector is of great importance to the Libyan economy: oil and gas exports provided 90% of government revenue on average in 2005-10.
The sector was severely affected by the civil war, with oil production and exports grinding to a halt for several months. However, output has rebounded since the end of the conflict, and the Economist Intelligence Unit expects production to return to pre-conflict levels of 1.6m barrels/day (b/d) in 2013.
The huge potential for hydrocarbons discoveries that was expected following the lifting of the previous round of international sanctions in 2003-04 was not realised under the Qadhafi regime. Expansion of production in the sector is therefore likely to be slow.
Industry List: Alternatives, Energy, Coal, Energy, Electricity, Energy, Energy, Energy, Nuclear, Energy, Oil and gas
Industry Codes (NAIC): 22
Industry Codes (SIC): 49
Energy Report Libya
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