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

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Libya_map_527x286px New+Libya+flag Prime minister Abdullah al-Thani
Prime minister
Abdullah al-Thani

Libya country datafile
Country overview

Country data

Iran 2008 2009 2010 2011 2012f 2013f 2014f
Nominal GDP ($bn) 87.2 63.1* 74.8 34.7 81.9 67.6 58.6
GDP per capita ($) 14,844* 10,574 12.358 5,840 13.581 11.046 9.439
Real GDP growth (annual change, %) 2.7 -0.8* 5 -62.1 104.5 -9.4 -7.8
Government revenue (% of GDP) 68.4 52.9 64.9 50.3* 71.6 65.2 44.2
Government total expenditure (% of GDP) 40.1 46.6 47.7 56.9* 45.7 63.6 73.2
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 35.4 -2.8 -27.7
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 (%) 10.4 2.4* 2.5 15.9 6.1 2.6 4.8
Click to see full economic data (2005 - 2018 forecast)
Source: International Monetary Fund, World Economic Outlook Database; Last updated: July 2014; *=Estimate

Libya trends

Saudi oil production and brent crude price

Riyadh in strong position ahead of Opec meeting Subscription

18 November 2014 | By

Saudi Arabia showing no signs of cutting oil production despite falling prices

As Libya sinks deeper into the chaos of war, its badly defended oil infrastructure is becoming increasingly susceptible to shutdowns

Libya’s oil recovery falters Subscription

24 September 2014 | By

Recent drop in production could foreshadow greater declines

Promising development: Amman is now studying a proposal to issue its first Islamic bond

Wider Middle East ripe for Islamic finance Subscription

18 September 2014 | By Richard Nield

Sharia-compliant banking has yet to take off across most of the Levant and North Africa. But growing support from governments could soon lead to a boom in demand

Top 100 projects, Q2 2014

Top 100 projects index dips Subscription

14 August 2014 | By

Small fall in the total value of the Middle East’s biggest projects, but further pressure expected due to fighting in Iraq

Middle East contracts awarded July 2014

Middle East contracts awarded: July 2014 Subscription

11 August 2014

Over $8bn of contracts were awarded in July in the Middle East

Mena oil production 2013

Mena share of global oil production slips Subscription

24 June 2014 | By

Production drops in Libya, Iran and Syria as US output surges

Libya’s shrinking economy Subscription

22 June 2014 | By Richard Nield

With fighting threatening to tear Libya apart, the sharp drop in oil output seen over the past year is having a dramatic impact on the country’s economy

Gas production North Africa

European gas strategy collapses Subscription

2 June 2014 | By Richard Nield

Rising domestic demand means North African countries are cutting back on gas exports to Europe, even as the hostilities between Russia and Ukraine threaten supplies to the continent

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MEED comment

Oil price erosion forms cracks between Opec members

Oil price erosion forms cracks between Opec members Subscription

23 October 2014 | By

Prospect of lower prices ahead triggers call for action from group’s fragile economies


Political rivalry threatens Libya’s oil recovery Subscription

25 September 2014 | By

A tale of two parliaments

The Pentagon in the US

UAE cuts out the middle man in Libya Subscription

28 August 2014 | By

By bombing Libya, the UAE and Egypt open the door to backlash from both allies and enemies


Recovery in Libyan oil exports Subscription

21 August 2014 | By

The country is further than ever from being able to form a unified military force to resist the militias


Libyan rebels end oil port blockade Subscription

3 July 2014 | By

Oil crisis seems to be at an end, but further disruption is likely and could see blockades return

Change: Many Libyans hope Haftar will bring stability

Libya: Lurching back into civil war Subscription

29 May 2014

Both sides in the conflict for power in Libya are ready to take each other on and there are signs the clashes will further destabilise the country


Confusion reigns in Libya's government Subscription

8 May 2014 | By

The almost farcical voting session to name the new prime minister highlights the country’s many issues

More MEED commentary

Special reports


Libya: Country faces financial crisis Subscription

7 May 2014

Blockades of Libya’s 4 main oil terminals have caused the country’s export revenues to plummet over the last year

More Libya special reports

Market presentations

Middle East Outlook 2013

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

18 August 2013

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

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 Project Name Sector Budget ($m)
1 Tripoli Harbour Breakwater Reconstruction Transport 222
2 Al Ghazali Intercontinental Tripoli Hotel Construction 65
3 (NC 41) Bahr Essalam Development Project Phase 2: Subsea Development Gas 1,000*
3 Wafa Oil Field Development (NC-118): CPF Oil 1,000*
5 Development of Area 47 (North Hamada Field) Oil 800*
5 Wafa Oil Field Development (NC-118): Infrastructure Works Transport 800*
7 Azzawiya Refinery Expansion Oil 700*
9 Replacement of Sour Gas Transmission Pipeline Gas 350*
9 Replacement of Main Oil Lines Oil 350*
Click through to the full data table on Libya's biggest projects, including project status
Click through to MEED's Q3 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: November 2014; All projects are in execution

Tenders & project awards

Libya: UPS units Subscription

24 February 2015 | By

Replacement of uninterrupted power supply (UPS) units

Filter Libya tenders by sector

All companies

Afriqiyah Airways logo

Afriqiyah Airways Subscription

11 June 2010

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

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

See all company profiles


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