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Libya

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
Libya
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

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

Fighting for change: Haftar says his campaign’s objective is to stamp out terrorism in Libya

Spectre of civil war looms in Libya Subscription

29 May 2014 | By Wil Crisp

Islamist groups respond to secular rebellion led by retired general with show of arms

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MEED comment

Libya

Political rivalry threatens Libya’s oil recovery

25 September 2014 | By

A tale of two parliaments

The Pentagon in the US

UAE cuts out the middle man in Libya

28 August 2014 | By

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

Libya

Recovery in Libyan oil exports

21 August 2014 | By

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

Blockade

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

Libya

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

Protests: GNC’s decision led to demonstrations

Race to draft a constitution for Libya Subscription

13 February 2014 | 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

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

More MEED commentary

Special reports

Libya

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

Rank Project Name Sector Budget ($m)
1 Ras Ajdir to Imsaad Highway Transport 1,290
2 Tripoli West Power Plant Expansion Power 1,242
3 Power Transmission Line Power 800
3 Tripoli to Benghazi Highway Transport 800
5 Zliten City Infrastructure Works Transport 540
6 542MW Khoms Simple Cycle Plant Power 440
7 Ghira Housing Units Construction 415
8 Misurata Rolling Mill Industrial 260
9 Tripoli Harbour Breakwater Reconstruction Transport 222
Click through to the full data table on Libya's biggest projects, including project status
Click through to MEED's Q2 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: September 2014; All projects are in execution

Tenders & project awards

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

Onshore oil drilling

Foster Wheeler awarded Libya upstream design deal Subscription

20 July 2014 | By

US engineering consultancy Foster Wheeler awarded contract as $800m Area 47 project is restarted after concerns about instability

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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

People

Bernard Avignon Subscription

26 February 2013

Bernard Avignon is managing director, Total Libya

Paolo Scaroni Subscription

21 February 2013

Paolo Scaroni is chief executive officer, ENI

Ahmed Majbri Subscription

21 February 2013

Ahmed Majbri is chairman, AGOCO

Nuri Berruien Subscription

21 February 2013

Nuri Berruien is chairman, NOC

Omar Shakmak Subscription

21 February 2013

Omar Shakmak is deputy oil minister, Libya

Abdulbari al-Arusi Subscription

19 February 2013

Abdulbari al-Arusi is oil minister, Libya

See all Libya biographies

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