On scaling up production capacity What are the prospects for scaling up oil production, and in what ways has the sector maintained stability amid persistent challenges? PEDRO RIBEIRO: Despite headwinds, national production has remained relatively steady at around 1.3-1.4m barrels per day (bpd), highlighting both the strength of the hydrocarbon base and the adaptability of operators working…
On rebuilding legacy assets and advancing transition goals How would you characterise the current trajectory and outlook of the hydrocarbons sector? MASOUD SULEMAN MOUSA : The hydrocarbons sector is undergoing a revival, marked by rising international investor confidence and reforms. The first licensing round since 2008 – under the fourth exploration and production sharing agreement…
On cleaner energy, sustainability and Libya's energy roadmap What technical and operational measures are key to achieving 2m barrels per day (bdp) by 2030? M. KHALIFA ABDULSADEK: Libya’s production trajectory reflects both its historical capacity and the challenges faced in recent decades. At its peak in the early 1970s, output exceeded 3m bpd, but successive non-technical disruptions—including…
Misrata is playing a central role in the diversification of Libya's economy, focusing on the shipping, manufacturing, automotive, construction, ICT, health care and education sectors. With strategic ports like Tripoli, Benghazi and Misrata, the government aims to make the country an international trade hub through partnerships with private investors for port modernisation. Tax incentives and free
Ihya Libya Vision 2030 includes a pillar dedicated to infrastructure, setting out targets to establish a system that connects all towns and cities with high-quality roads, communications networks, electricity and water supplies, and advanced social facilities, providing access to education and social services for all citizens. The infrastructure pillar of Ihya Libya Vision 2030 outlines key…
While Libya is a leading oil and gas producer in Africa, it has faced a power production deficit for several years, though the gap was beginning to narrow in the second half of 2022. In August 2022 the General Electricity Company of Libya (GECOL) reported a shortage of 3200 MW in July, with production capacity ranging between 5100 and 5300 MW and demand at 8480 MW. In June 2022 GECOL linked…
While oil and gas will continue to play a significant role in the global energy mix over the next two decades, as the demand and consumption of fossil fuels move through and past their peak, many countries are taking action to increase efficiency, reduce costs and mitigate security concerns. Libya was projected to see its energy consumption rise by more than 250% in 2012-20. However, continued…
A 2021 report prepared by the HIB suggests a shift from public housing towards investment-related PPPs, a funding strategy adopted by several other countries. Security financing concerns remain key barriers to development. In the past the country has attempted to hand over stalled projects to local contractors for completion, but questions remain surrounding debts owed to foreign contractors for partially…
Libya’s urban population has been rising rapidly, with urbanisation rates climbing from 49% in 1970 to 79% in 2016. As of 2019 around 85% of Libyans resided in the major cities of Tripoli, Benghazi, Misrata and Bayda. With the population predicted to increase in the coming years, access to housing, food, clean drinking water and employment opportunities – as well as health care, education…
Since the discovery of oil in the early 1900s and the start of production in 1959, the economy has been centred around hydrocarbons. Libya is a founding member of the Organisation of Arab Petroleum Exporting Countries and a member of the Organisation of the Petroleum Exporting Countries (OPEC). It has 48.4bn barrels of proven crude oil reserves – the most in Africa – and 1.5trn cu metres of proven…
