Exports in December 2019 hit nearly 190,000 bpd, the data show. The most recent exports are led by Crude Petroleum ($24.2B), Petroleum Gas ($1.38B), Refined Petroleum ($1.01B), Gold ($805M), and Scrap Copper ($95.9M). If you decline, your information won’t be tracked when you visit this website. © 2021 CEIC Data, an ISI Emerging Markets Group Company. Purchase by credit card. … They have absolutely no interest in damaging revenue and oil facilities on a long-term basis because if they come to power, they will need them,” he said. 7, which has a capacity of 500,000 barrels of crude oil, bringing the port’s storage capacity to its highest level since 2016. Whether this is going to continue or not is a big question. Turkey, though not a member of OPEC, is the government’s fiercest ally. “No one could have thought, certainly the markets didn’t think, that when Haftar would lift the blockade, that they could get back to 1.2 [million bpd] so quickly because we all know about the rusting of the infrastructure, we know there are not enough storage tankers at [the] Ras Lanuf [oil port, due in part to a 2018 fire]. You rely on us and we’re relying on you! Libya's Petroleum Facilities Guard on Sunday ordered a suspension of oil exports at Al-Hariga port in the eastern city of Tobruk over a pay dispute. Crude Oil Production in Libya averaged 1317.44 BBL/D/1K from 1973 until 2020, reaching an all time high of 2370 BBL/D/1K in October of 1973 and a record low of 7 BBL/D/1K in August of 2011. “It was not a real surprise because the facilities have been damaged, but not extensively, because both sides obviously need oil revenues. There is no data available for your selected dates. These cookies are used to collect information about how you interact with our website and allow us to remember you. This blockade is the first to take place since the resumption of oil production and exports in “There is nobody in Libya who is willing to accept restrictions on Libya’s output because the country desperately needs the money and so they are just uninterested in OPEC’s limits,” Colgan added. The EIA expects total crude oil and petroleum net exports to average 750,000 bpd in 2020 compared with average net imports of 520,000 bpd in 2019. Some of the OPEC members who welcomed Libya’s production boost are proxy actors in Libya’s civil war. The Media Line Ltd. Iran’s Zarif Calls on EU to Coordinate Return to Nuclear Agreement, Iran Offers to Act as Mediator between the Taliban, Afghan Government. Whether Libya will be able to maintain production at this level depends on the political situation on the ground, analysts say. The United Arab Emirates supports Haftar’s forces. Production has recently increased due to a cease-fire between the Government of National Accord, which the international community recognizes as Libya’s governing body, and the Libyan National Army of Gen. Khalifa Haftar, who decided in June to stop its six-month blockade of the country’s oil fields. “Whether they intended to or not, what the civil war was doing was helping OPEC restrict production,” he said. Some analysts such as Jason Pack, a nonresident fellow at the Middle East Institute and president of Libya-Analysis LLC, told The Media Line Libya’s uptick in oil production was surprising. Libyan Aggression Could Send Oil Prices Soaring - Bloomberg Includes 36 key indicators for Libya, curated by CEIC analysts. Libya's National Oil Corporation (NOC) condemns unreservedly the renewed blockade on Libyan oil exports, and calls for the states responsible to be held to account by the United Nations Security Council. Download limits apply. Know The Media Line to Know The Middle East! The exports of Libya’s National Oil Company (NOC) rose in November by 204% over the previous month, to $700.4 million, the firm announced on Saturday. Libya's huge man-made river is the largest water transportation project ever undertaken and carries more than five million cubic metres of water per day across the desert to coastal areas. Payable monthly by credit card. It’s always struggled with this issue of compliance with agreements because … it does not have a lot of tools to enforce agreements when they’re made,” he told The Media Line. Our seasoned journalists reporting from the Middle East are working day and night during these challenging, yet defining times; and our student interns are honing their knowledge and skills, preparing to emerge as tomorrow’s journalists. Instant download of the data related to the indicator on this page including full history in Excel format. This records an increase from the previous number of 998.527 Barrel/Day th for Dec 2018. Libya had seen a fantastic growth rate, however, these proved unsustainable in the face of global oil recession and international sanctions. Democratic peace opportunities fade in Libya. Libya Crude Oil: Exports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries. By value, the listed 15 countries shipped 86.7% of globally exported crude oil in 2019. The country began exporting oil in 1961. TRIPOLI, Libya . Crude Oil Exports for Libya (LBYNXGOCMBD) | FRED | St. Louis Fed Libya oil guards halt exports in dispute January 25, 2021 TRIPOLI, Jan 25 (Reuters) – Libya’s Petroleum Facilities Guard has halted all oil exports from the ports of Ras Lanuf, Es Sider and Hariga, in what it said in a statement was a dispute over pay. Dr. Jeff D. Colgan, a professor at Brown University and author of the book Petro-Aggression: When Oil Causes War, with a large focus on Libya, says these exemptions highlight the limits of OPEC. Please support our ad-free, nonprofit news agency. Libya’s Petroleum Facility Guards (PFG) have ended their brief blockade of the ports of Ras Lanuf and Es Sider, allowing oil exports to resume there, al-Waha Oil … “The practical effect of the civil war in Libya going on for a long time has been to keep Libya’s oil production down, and that’s beneficial to other oil producers like the Emiratis or Saudis,” Colgan said. The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Exports. Libya Crude Oil: Exports was reported at 1,035.707 Barrel/Day th in Dec 2019. This will help prevent forced oil field shutdowns, especially during winter weather which can disrupt port operations. The NOC release also noted that starting next month, OPEC+, which was formed in 2016 and consists of the 13 OPEC members and 10 additional oil-exporting countries, led by Russia, will boost oil production by 500,000 bpd. The United Nations envoy to Libya said on Saturday he hoped but "could not predict" whether eastern oil ports shut ahead of a ... on oil exports from the ... in Tripoli, Libya April 6, 2019. The exports of Libya’s National Oil Company (NOC) rose in November by 204% over the previous month, to $700.4 million, the firm announced on Saturday. “OPEC is an organization that is very weak in terms of being able to enforce the agreements it makes. Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors. Gunmen of the Tobruk-based Hariga Brigade of the east-based Petroleum Facilities Guard (PFG) blockaded Tuesday oil exports at Hariga oil port, preventing [Olympic Fighter] vessel from docking in protest of what the gunmen described as a "delay of salary payments for over a year". Facts and statistics about the Oil - exports of Libya. How was this possible?” he asked. Exports in Libya decreased to 38787.90 LYD Million in 2019 from 40712.50 LYD Million in 2018. source: Central Bank of Lybia Exports in Libya averaged 25401.69 LYD Million from 1990 until 2019, reaching an all time high of 77027 LYD Million in 2008 and a record low of 2449 LYD Million in 1998. Crude Oil Trade: Libyan production and exports back to normal? This still lags behind the $1.66 billion in revenue from the export of crude oil, gas and condensates, petroleum products and petrochemicals registered in November 2019. “If the political situation is sufficiently stable and the Libyans want foreign investment, then I think they will attract it because there are very attractive oil fields there and companies know there is money to be made,” he said. Libya holds 48,363,000,000 barrels of proven oil reserves as of 2016, ranking 9th in the world and accounting for about 2.9% of the world's total oil reserves of 1,650,585,140,000 barrels. Oil - exports: 337,800 bbl/day (2015 est.) During the blockade, Libya’s oil production fell to as low as 100,000 bpd. There are unconfirmed reports of them blockading exports at the ports of Sidra and Ras Lanuf. Libya's oil sector, ... according to Vortexa. Guards at Libya Oilfields Halt Exports over Unpaid Wages Monday, 25 January, 2021 - 07:30 A photo shows Ras Lanuf Oil and Gas Processing Company in Ras Lanuf, Libya, Oct. 19, 2019. 04/22/2019 | Author: Matt Smith. Libya has not been subject to OPEC’s production limits in recent years because of the civil war it has been embroiled in since 2014. This website stores cookies on your computer. Below data covers 2019 However, whether Libya’s increased production, which has reached between 1.2 million and 1.25 million barrels per day (bpd), is truly welcomed by all OPEC members is debatable. Consequently, the GDP per capita shrank by 40% in the 1980s. 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