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Libya

Libya news and analysis, tenders, contracts awarded, commentary and economic data

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Profile

Libya_map_527x286px New+Libya+flag President General National Congress Nouri Abusahmen
Libya
Leader
Chairman of General National Congress: Nouri Abusahmen

Libya country datafile
Country overview
Government contacts

Country data

Iran 2008 2009 2010 2011 2012f 2013f 2014f
Nominal GDP ($bn) 87.2 63.1 74.8* 34.7 81.9 96.4 100.8
GDP per capita ($) 14,186 10,071* 11,729 5,513 12,778 14,761 15,161
Real GDP growth (annual change, %) 2.7 -0.8 5 -62.1 104.5 20.2 10.1
Government revenue (% of GDP) 68.4 52.9 64.9 50.3 72.3 71.6 69.1
Government total expenditure (% of GDP) 41.9 54.9 54.7 66.6 51.4 52 55.7
Total government debt (gross, % of GDP) 0 0 0 0 0 0 0
Current account balance (% of GDP) 42.5 14.9 19.5* 9.1 35.9 25.8 17.7
Value of oil imports 3.3 2.8 4.5 4.9* 5.8 8.3 5.5
Value of oil exports 60.7 35.7 45.4 18.7* 61 63.1 60.6
Inflation (%) 9.7 0.3 3.3* 26.6 -3.7 6.9 3.8
Click to see full economic data (2005 - 2018 forecast)
Source: International Monetary Fund, World Economic Outlook Database; Last updated: June 2013; *=Estimate

Libya trends

March contract awards

Middle East contracts awarded: March 2014 Subscription

17 April 2014, 12:23 GMT

Over $12bn of contracts awarded in March in the Middle East

Middle East contracts awarded: February 2014 Subscription

20 March 2014, 12:58 GMT

Over $17bn of contracts awarded in February in the Middle East

Standing down: The General Natonal Congress has agreed to replace Ali Zeidan (centre) as prime minister

Tripoli aims to end deadlock Subscription

13 February 2014, 12:42 GMT | By

Three years on from the revolution, Libya’s interim leaders have still to draft a new constitution

Opec oil production 2012-13

Opec output shrunk in 2013 on Iran and Libya production cuts Subscription

29 January 2014, 8:04 GMT | By

Non-Opec output replaced Opec supply as exporters brace for the potential return of Iran

Middle East contract awards December 2013

Middle East contracts awarded: December 2013 Subscription

8 January 2014, 8:16 GMT

Over $7bn awarded in December in the Middle East

Middle East contract awards

Middle East contracts awarded: November 2013 Subscription

5 December 2013, 8:15 GMT

Over $11bn awarded in November in the Middle East

Libya_oil_sector_jobs

Protests hit western Libya oil export facilities Subscription

30 October 2013, 6:24 GMT | By

Oil production and exports in Libya drop after new protests shutdown facilities

Blockades: The federalist movement seized key oil terminals on 28 July

Libyan rebels continue oil blockades in eastern region Subscription

9 October 2013, 13:08 GMT | By Wil Crisp

The Eastern federalist movement is prepared to continue the oil blockades until the transitional government agrees to autonomy

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MEED comment

Protests: GNC’s decision led to demonstrations

Race to draft a constitution for Libya Subscription

13 February 2014, 13:52 GMT | By

Libya’s political vacuum persists as the government scrambles to draft a new constitution before deadlock causes more harm

Libya

Chaos sets back shale exploration Subscription

12 December 2013, 14:58 GMT

Attracting foreign shale investors to Libya will have to wait for a new constitution due in 2014

Oil

Oil firms look set to pull out of Libya

12 September 2013, 15:35 GMT | By

Prolonged production outages at the country’s oil facilities could push foreign oil firms to back out of Libya

Nouri Abusahmen

Political isolation law far-reaching for Libya Subscription

27 June 2013, 13:28 GMT | By

There are fears the new law will strip Libya of much-needed experience and talent in governance

Opportunities

Entrepreneurs are Libya's greatest asset Subscription

13 June 2013, 14:16 GMT

While Tripoli must address several key issues, the rapid recovery of its private sector is encouraging

More MEED commentary

Special reports

Market presentations

Middle East Outlook 2013

A region in transition: Middle East outlook 2013 and beyond Subscription

18 August 2013, 7:46 GMT

Insight and analysis on the economic and projects outlook for the Middle East

After the Uprisings webinar

After the Uprisings: The outlook for business in the Middle East in 2013 and beyond Subscription

4 March 2013, 5:52 GMT

A webinar on the region’s business environment, providing current data and exclusive expert analysis drawn from MEED’s team of experts

More MEED webinars

Top 10 projects

Rank

Rank Project Name Sector Budget ($m)
1 Ghanfuda Housing Complex in Benghazi Construction 2,300
2 Ras Ajdir to Imsaad Highway Transport 1,290
3 Tripoli to Benghazi Highway Transport 800
4 Ghira Housing Units Construction 415
5 Medina Tower Transport 367
6 Misurata Rolling Mill Industrial 260
7 Five Airport Terminal Buildings Transport 136
Click through to the full data table on Libya's biggest projects, including project status
Click through to MEED's Q4 2013 Top 100 Projects report
Source: MEED Projects; Data compiled: January 2014

Tenders & project awards

Libya: Gas plant heat exchanger Subscription

17 April 2014, 15:36 GMT | By

Installation of a heat exchanger including all related pipe works at a desalter unit at a gas plant

Libya: Oil pipeline equipment Subscription

17 April 2014, 15:31 GMT | By

Supply of special tools and equipment for the cleaning and survey of pipelines

Libya: Cathodic protection monitoring and control system Subscription

17 April 2014, 15:28 GMT | By

Provision of a remote cathodic protection monitoring and control system

March contract awards

Middle East contracts awarded: March 2014 Subscription

17 April 2014, 12:23 GMT

Over $12bn of contracts awarded in March in the Middle East

Libya: Drilling rig services Subscription

17 April 2014, 9:39 GMT | By

Provision of drilling rig services

Libya: Media training Subscription

11 April 2014, 10:17 GMT | By

Provision of international media training services

Libya: IT advisory services Subscription

11 April 2014, 10:11 GMT | By

Provision of IT advistory services

Libya: Terminal construction consultancy Subscription

8 April 2014, 12:43 GMT | By

Provision of consultancy services for the preparation of the scope of works for the construction of two calm terminals to receive and pump heavy fuel oil and multi-products

Libya: Infrastructure construction Subscription

8 April 2014, 12:40 GMT | By

Construction of infrastructure by using semi-permanent structures at an oil field

Libya: Moveable houses Subscription

8 April 2014, 12:36 GMT | By

Supply of eight moveable houses for oil fields

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Companies

Afriqiyah Airways logo

Afriqiyah Airways Subscription

11 June 2010, 18:50 GMT

The Tripoli-based airline was established by the Libyan government when western economies began discussing the lifting of sanctions on the country

National Oil Corporation Subscription

13 November 2013, 11:05 GMT

The National Oil Corporation (NOC) is the national oil company of Libya

See all company profiles

People

Bernard Avignon Subscription

26 February 2013, 6:08 GMT

Bernard Avignon is managing director, Total Libya

Paolo Scaroni Subscription

21 February 2013, 6:31 GMT

Paolo Scaroni is chief executive officer, ENI

Ahmed Majbri Subscription

21 February 2013, 6:26 GMT

Ahmed Majbri is chairman, AGOCO

Nuri Berruien Subscription

21 February 2013, 6:23 GMT

Nuri Berruien is chairman, NOC

Omar Shakmak Subscription

21 February 2013, 6:18 GMT

Omar Shakmak is deputy oil minister, Libya

Abdulbari al-Arusi Subscription

19 February 2013, 12:49 GMT

Abdulbari al-Arusi is oil minister, Libya

See all Libya biographies

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