Libya

OPEC

Africa

Production

1.4M bbl/d

Imports

67.8K bbl/d

Exports

1.1M bbl/d

Net Balance

983.4K bbl/d

Net exporter

Consumption by Product

2022 · thousand bpd

Petrol24.0%

Diesel32.0%

Kerosene4.0%

Jet Fuel8.0%

LPG8.0%

Fuel Oil16.0%

Other8.0%

Proven Oil Reserves

48.4B

barrels (proven)

~97 yrs

at current production

Abundant

050 yrs100+ yrs

Proven reserves = crude oil in the ground. Many countries import most of their refined fuel (petrol, diesel, jet fuel), so high reserves don't guarantee fuel supply security.

Production Trend

Price History

Refinery Capacity

Capacity

380 bbl/d

Throughput

200 bbl/d

Utilization

52.6%

Geopolitical Context

OPEC Member

OPEC member. Exempt from quotas due to civil conflict. Production highly volatile.

Oil News Feed

No news available yet.