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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 ($bn) 87.2 63.1* 74.8 34.7 81.9 67.6 58.6
GDP per capita ($) 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

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

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

March contract awards

Middle East contracts awarded: March 2014 Subscription

17 April 2014

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

Middle East contracts awarded: February 2014 Subscription

20 March 2014

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 | 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 | 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

Over $7bn awarded in December in the Middle East

Middle East contract awards

Middle East contracts awarded: November 2013 Subscription

5 December 2013

Over $11bn awarded in November in the Middle East

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MEED comment

Blockade

Libyan rebels end oil port blockade

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

Oil

Oil firms look set to pull out of Libya

12 September 2013 | By

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

More MEED commentary

Special reports

Libya

Libya: Country faces financial crisis

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 Ghanfuda Housing Complex in Benghazi Construction 2,300
2 Al-Khaleej Steam Power Plant Power 1,463
3 Ras Ajdir to Imsaad Highway Transport 1,290
4 Tripoli West Power Plant Expansion Power 1,242
5 Power Transmission Line Power 800
5 Tripoli to Benghazi Highway Transport 800
7 Ghira Housing Units Construction 415
8 Medina Tower Construction 367
9 Misurata Rolling Mill Industrial 260
10 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 Q1 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: April 2014; All projects are in execution

Tenders & project awards

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

Libya: Tubing Subscription

19 June 2014 | By

Supply of tubing

Libya: Wellheads Subscription

19 June 2014 | By

Supply of wellheads

Libya: Airport runway revamp Subscription

5 June 2014 | By

Revamping of the Abu Attifel (A-100) airport runways

Libya: Tank maintenance Subscription

28 May 2014 | By

Maintenance of a tank

Libya: Control room construction study Subscription

27 May 2014 | By

Provision of an engineering study for the construction of control rooms

Qatar: Relative accuracy test audit Subscription

27 May 2014 | By

Provision of relative accuracy test audit for Cems analysers

Libya: LPG sphere Subscription

27 May 2014 | By

Construction of a new 4,200-cubic-metre liquefied petroleum gas (LPG) sphere

Libya: Oil field maintenance Subscription

24 May 2014 | By

Carrying out a maintenance project for the Waha, Samah, Dahra and Gailo oil fields

Libya: Waste incineration Subscription

15 May 2014 | By

Provision of incinerators for the disposal of domestic waste at oil fields

Filter Libya tenders by sector

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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