How much oil does Libya export?

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.

What fuel does Libya use?

Libya fueled its electricity generation with natural gas (71%) and oil (29%) in 2022.63 Diesel and fuel oil accounted for most of the petroleum used in power plants, although the Ubari power plant at the Sharara oil field uses crude oil as a fuel.

How is energy used in Libya?

Total energy supply (TES) includes all the energy produced in or imported to a country, minus that which is exported or stored. It represents all the energy required to supply end users in the country.

What are the major industries in Libya?

The country’s major industries and its oil sector consume the remainder.52 Libya’s natural gas production is not able to fully meet domestic natural gas demand and export commitments, and the electric power sector often burns petroleum products when the natural gas supply is disrupted or is insufficient during the peak summer season.53

How much natural gas does Libya use?

Libya’s natural gas consumption totaled 305 Bcf in 2023 and accounted for more than 70% of domestic production after 2020 (Figure 5).51 The electric power sector drives Libya’s domestic natural gas demand, accounting for about 85% of Libya’s domestic natural gas use in 2022.

Where are Libya's oil reserves located?

Libya ranked in the top 10 countries for global proved oil reserves.16 About 95% of Libya’s recoverable reserves are located in the onshore Sirte Basin in the northeast and Murzuq Basin in the southwest.