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Libyan Revolt Grows, Oil Reserves High


Source:Energy Information Administration

Map links for Libyan Oil Reserves and Pipelines

Click for More News, Maps, Oil Data from Libya

As rebels consolidate their grip on Libya, the world is beginning to assess the country's impact on oil markets.

On August 19, rebels took the oil refining town of Zawiya, 30 miles west of the capital Tripoli. Zawiya has the country's second largest refinery, with a capacity of 120,000 barrels per day.

Although Libya's oil production has fallen sharply from the the 3 million barrel per day peak in the late 1960's, it still holds vast proven reserves of oil and ranks high among oil exporters. It's oil profile gives helps define its character in the midst of political turmoil in the Middle East.

Libya, with 44 billion barrels has the largest proven reserve of oil in Africa (see chart) and is the ninth in the world. It exports about 1.5 million barrels a day. Of these, 80,000 barrels go to the US, down from the last two years. Among its biggest customers, Italy buys 32% of Libyan exports, Germany 14% and the rest of Europe another 14%.

However, after decades of rule by strongman Moammar Qaddafi citizens of Libya have taken to the streets. Their western neighbors in Tunisia toppled their president in January, and their eastern neighbors in Egypt ousted their president in February.

As stories in the news feed below will show, on Aug. 20, 2011 rebels forces to their fight into Tripoli and by the next day were in control of the central square. Gaddafi's sons were captured by the rebels.



Libya - Stories, Links and Resources

News from our recommended reading list
about Libya

Can Libya's Oil Recovery Survive 2013?
Forbes - 2013-05-11

Libya's oil sector makes quick recovery after 2011 revolution
The Washington Post - 2013-03-16

U.S. Tracking Killers in Attack on Libya Mission
NYTimes.com - 2012-10-03

Security concerns worsen for oil firms in Libya
Reuters - 2012-09-21

Security Fears Cloud Libyan Oil Growth Plans
WSJ.com - 2012-09-13

World Frets Over Egypt and Libya, Yet Oil Stocks Barely Budget
Barrons.com - 2012-09-12

Libya's ruling council hands over power to | Reuters
Reuters - 2012-08-09

Ex-Gaddafi spy chief al-Senussi 'will not be extradited'
BBC News - 2012-08-07

Libya
Global Resources News stories

Labor Day, 2014, Gasoline Cheapest in Years

Libyan Rebels in Control of US Embassy Site in Tripoli

Oil Assets Change Hands in MENA Conflicts

Fragile States Index Tracks A Decade
Of Resource, Political Conflict

US Oil Suppliers Assessed

Mineral-Rich States Among the Least Stable

Oil Stays in $90 Range Despite Big Inventory

Libya's Gaddafi Killed in Rebellion

Oil Markets Watch Libyan End Game

Gas Prices Keep Rising, Oil Nears $100

Libyan Revolt Grows, Oil Reserves High

Oil and Politics Mix Uneasily in Strife-Prone Middle East

Map of Brega Oil Terminal

Libya - Brega Port

Stability, Freedom Status of Oil Suppliers

Table of the Freedom, Stability, Corruption & Peace Status of US Oil Suppliers

Oil Production in Middle East and North Africa (MENA)

Maps of Libya Oil Fields, Pipelines and Terminals

UN Security Council Resolution 1973
Establishing No-Fly Zone over Libya
and Authorizing All Necessary Actions to Protect Civilians in that Conflict

Social Media Activity of Global Resources News

Libya, Conflict over Oil, Gas and Politics Channel

Links for the search term: Libya

Repsol Corporate Information and general contents: cars, motor, the weather and more - repsol.com

13 Oil and Infrastructure Stocks That Will Rebuild Libya | InvestorPlace

Libyan Oil Returns at Bad Time for Market - WSJ.com

Libya's oil picture - The Washington Post