Libya Energy Profile: Despite Large Oil Reserves, Political Conflicts And Militia Attacks Have Limited Investments In Sector – Analysis

Libya was the seventh-largest crude oil producer in OPEC and the third-largest total petroleum liquids producer in Africa, after Nigeria and Algeria, in 2023.^1 At the beginning of 2024, Libya held 3% of the world's proved oil reserves and 41% of Africa’s proved oil reserves.^2 Despite Libya’s large oil reserves, political...