Libya and oil energy security case study

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  • Created by: Emily
  • Created on: 02-06-11 09:29

Libya and oil

  • Libya is an OPEC country (Organization of Petroleum Exporting Countries).
  • It is 9th in the world for oil resources at 3.34% of the world's oil reserves.
  • It is 16th in the world for the production of oil with 2.2% of the world's production. 
  • A large part of Libya's economy is based on oil.
  • Exports of oil contribute to 75-90% of state revenues. 
  • Libya is reliant on foreign investment to keep the oil industry active.
  • Libya is largely unexplored with vast oil and gas production as only 25% of the territory has…


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