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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 President_General_National_Congress_Muhammed_Magariaf
Libya
Leader
Chairman of General National Congress: Muhammad El-Magariaf

Libya country datafile
Country overview
Government contacts

Country data

Iran 2007 2008 2009 2010 2011 2012f 2013f
Nominal GDP ($bn) 68.2 87.8 63.6 73.6* 35.7 85.1 97.6
GDP per capita ($) 11,048 13,943 9,912* 11,239 5,510 12,879 14,485
Real GDP growth (annual change, %) 6.4 2.4 -1.4 3.7 -59.7 121.9 16.7
Government revenue (% of GDP) 61.9 68 52.4 66 38.5 70.4 64
Government total expenditure (% of GDP) 35.2 41.6 54.4 48 63 50 55.3
Total government debt (gross, % of GDP) 0 0 0 0 0 0 0
Current account balance (% of GDP) 43.8 42.3 14.7 19.8* 1.3 21.8 10.3
Value of oil imports 2.3 3.3 2.8 4.5 1.1* 5.7 8.4
Value of oil exports 47.8 60.7 35.7 45.4 12.7* 57.5 59
Inflation (%) 6.2 10.4 2.4 2.5* 15.9 10 0.9
Click to see full economic data (2005 - 2017 forecast)
Source: International Monetary Fund, World Economic Outlook Database; Last updated: March 2013; *=Estimate

Libya trends

Siege: Libyan militia men demanding the passage of a law banning Gaddafi-era officials from holding government posts

Libya's steps toward democracy Subscription

15 May 2013, 12:01 GMT | By

Libya’s transitional government is struggling to write a constitutional deal with militias and to meet the expectations of its citizens

Awad Ibrahim Elbarsi, deputy PM, Libya

Interview: Awad Ibrahim Elbarasi, deputy PM, Libya Subscription

21 March 2013, 11:17 GMT | By

Libya’s deputy premier discusses the challenges facing the interim government, engaging with civil society and encouraging international companies to return to the country

Crude exports 2012

Libya reports 2012 crude oil export figures Subscription

21 February 2013, 6:06 GMT | By

Libya exported 1.33 million barrels a day in 2012

Middle East and North Africa inflation

Inflation risks social unrest Subscription

7 February 2013, 7:50 GMT | By Richard Nield

Oil exporters will increase subsidises to contain inflation, but other governments are likely to struggle

Economic outcome

Middle East still in turmoil as economic benefits stall Subscription

3 January 2013, 12:58 GMT | By

Two years after protests erupted, the process of reform in the Middle East is only just beginning

Slowdown: Europe is a key trading partner and a major source of credit for North Africa

North Africa looks beyond Europe for investment Subscription

20 September 2012, 6:26 GMT | By Peter Salisbury

Fragile economies will have to find new sources of investment and credit as eurozone crumbles

Nasser Saidi, Dubai International Financial Centre Authority

Middle East states supporting private growth Subscription

6 September 2012, 9:17 GMT | By James Gavin

Regional governments are encouraging private sector growth, but more decisive steps will be required to make a serious impact

Unrest: One of the key drivers of the Arab uprisings was frustration over the lack of job prospects

State dominates regional economies Subscription

30 August 2012, 14:52 GMT | By James Gavin

MEED looks at how governments are failing to nurture the private sector

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MEED comment

Awad Elbarasi: Leading the political transistion

Libya transition moves forwards

21 March 2013, 14:10 GMT

The country has managed to elect an interim government, which hopes to draw up a new constitution

Libya

Oil strategy still lacking in Libya

14 March 2013, 14:10 GMT

Tripoli’s transitional government must set out long-term plans for the oil sector before it can attract new investment

Libya balancing act

Balancing act for Libyan leadership Subscription

3 January 2013, 15:12 GMT

Creating new jobs and remaining popular will challenge Libya’s new leaders as they look to restore growth

Egypt

The Arab world’s 1979 moment Subscription

3 October 2012, 9:02 GMT | By

As the Iranian challenge fades, the Arab world is where the Middle East’s future will be shaped

Cairo: Protesters storm the US embassy area

What now for US, Egypt and Libya? Subscription

13 September 2012, 14:55 GMT

Attacks on embassies in Libya, Egypt and Yemen raise concerns for future US engagement in the region

Reform: Libya has voted, now the elected must act

Libya elections lead to reform Subscription

12 July 2012, 15:02 GMT

History is made as Libyans vote to elect their first national assembly since the Gaddafi regime. Now the challenge is to drive reform by drawing up a constitution and stabilising the economy

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Special reports

New leadership

Libya: Open dialogue key for new government Subscription

3 January 2013, 12:23 GMT

Communication and decisive leadership are crucial for Libyan politics in the coming months

More Libya special reports

Market presentations

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

Implementing the region’s long-term rail plans Subscription

20 July 2011, 12:54 GMT

More than $250bn worth of rail projects are planned or under development in the Middle East; in this webinar, MEED presents an overview of the market and its growth

MEED's 2020 Vision: A presentation Subscription

27 January 2011, 9:23 GMT | By

An exclusive MEED presentation looking at the key trends that will shape the Middle East economy in the coming decade.

More MEED webinars

Tenders & project awards

Libya: Environmental remedial works Subscription

14 May 2013, 22:02 GMT | By

Carrying out environmental remedial works at a drilling waste disposal site

Libya: Oil spill recovery Subscription

14 May 2013, 21:58 GMT | By

Carrying out the recovery of crude oil spilled at an intermediate heating station along a crude oil pipeline

Libya: Solar energy study Subscription

2 May 2013, 9:37 GMT | By

Carrying out a solar energy study at oil fields either for power generation and/or to produce steam to enhance oil recovery

Libya: Helicopter services Subscription

1 May 2013, 9:38 GMT | By

Provision of offshore helicopter services for a forthcoming oil exploration drilling campaign

Libya: Seismic surveys Subscription

27 April 2013, 13:38 GMT | By

Carrying out two separate onshore 3D seismic surveys over about 800 square kilometres

Libya: Environmental impace study evaluation Subscription

27 April 2013, 13:16 GMT | By

Evaluation of an environmental impact study

Libya: Water lake remediation Subscription

27 April 2013, 13:09 GMT | By

Carrying out remediation works to a contaminated water lake

Libya: Drilling machines and soil sampling Subscription

27 April 2013, 13:06 GMT | By

Supply of drilling machines and carrying out soil sampling works

Libya: Radioactive materials consultancy Subscription

27 April 2013, 13:04 GMT | By

Provision of consultancy services comprising carrying out a study for the management and control of naturally occurring radioactive materials and naturally occurring mercury

Libya: Offshore drilling OCTG products Subscription

27 April 2013, 13:01 GMT | By

Provision of oil country tubular goods (OCTG) products for an offshore drilling campaign

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Top 10 projects

Rank Project Name Sector Budget ($m)
1 Bahr Essalam Development Project (NC 41): Phase 2: Subsea Development Gas 1,000
1 Wafa Oil Field Development (NC-118): CPF Oil 1,000
3 Wafa Oil Field Development (NC-118): Infrastructure Works Oil 800
3 Development Ghadames Basin (Area 47) Oil 800
5 Wafa Oil Field Development (NC-118): Flow-lines & Pipelines Oil 700
5 Azzawiya Refinery Expansion Oil 700
7 Medina Tower Construction 367
8 Mabruk Field Dahra & Garian Reservoirs: Phase 1 Oil 300
9 Misurata Rolling Mill Metals & Mining 260
10 Upgrade of Abu Kammash Chemical Complex Chemical 200
Click through to the full data table on Libya's biggest projects, including project status
Click through to MEED's Q1 2013 Top 100 Projects report
Source: MEED Projects; Data compiled: April 2013

Companies

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

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

Latest Libya news

Libyan oil terminal forced to close after protests Subscription

20 May 2013, 13:18 GMT | By

Libyans demand National Oil Corporation makes good on job promises at Zueitina

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MEED events

Libya Projects 2013

Libya Projects 2013

BUILDING A SUSTAINABLE FUTURE FOR LIBYA - An essential guide to the developments and projects across critical infrastructure, energy, utilities and industry sectors

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