| President |
Mu'ammar Qadhafi (since September 1, 1969) |
| Location/Size |
North Africa/1,775,500 sq km (685,524 sq mi), slightly larger than Alaska |
| Independence |
December 24, 1951 (from Italy) |
| Population (7/2006E) |
6 million |
| Languages |
Arabic; Italian and English widely understood in major cities |
| Religions |
Sunni Muslim (97%) |
|
| Secretary of the General People's Committee for Economy and Trade |
Ali Abdul Aziz al-Isawi |
| Currency/Exchange Rate (6/8/2007) |
1 Libyan Dinar (LYD) = $0.7803 USD |
| Inflation Rate (2006E) |
3.5% |
| Gross Domestic Product (GDP, 2006E) |
$50.2 billion |
| Real GDP Growth Rate (2006E) |
5.8% |
| Unemployment Rate (2004E) |
30% |
| External Debt (2006E) |
$4.5 billion |
| Merchandise Exports (2006E) |
$38.5 billion |
| Exports - Commodities |
Petroleum, chemical and petrochemical products, fruits and nuts, carpets |
| Exports - Partners (2005) |
Italy 38%, Germany 15%, Spain 9.3%, Turkey 6.2%, France 6.2%, United States 5.2% |
| Merchandise Imports (2006E) |
$10.4 billion |
| Imports - Commodities |
Industrial raw materials and intermediate goods, capital goods, foodstuffs and other consumer goods, technical services, military supplies |
| Imports - Partners (2005) |
Italy 21.2%, Germany 10.2, Tunisia 5.9%, Turkey 4.8%, United Kingdom 4.8%, France 4.7%, South Korea 4.6%, China 4.5% |
| Current Account Balance (2006E) |
$24.4 billion |
|
| Secretary of the General People's Committee for Electricity, Water and Gas |
Umran Ibrahim Abu-Kra’aa |
| Proven Oil Reserves (January 1, 2007E) |
41.5 billion barrels |
| Oil Production (2006E) |
1.80 million barrels per day, of which 95% was crude oil. |
| Oil Consumption (2006E) |
284 thousand barrels per day |
| Net Oil Exports (2006E) |
1,525 thousand barrels per day |
| Crude Oil Distillation Capacity (2006E) |
378 thousand barrels per day |
| Proven Natural Gas Reserves (January 1, 2007E) |
52.7 trillion cubic feet |
| Natural Gas Production (2005E) |
399 billion cubic feet |
| Natural Gas Consumption (2005E) |
206 billion cubic feet |
| Recoverable Coal Reserves (2004E) |
None |
| Coal Production (2004E) |
None |
| Coal Consumption (2004E) |
None |
| Electricity Installed Capacity (2004E) |
4.7 gigawatts (all oil and natural gas) |
| Electricity Production (2004E) |
19.4 billion kilowatt hours |
| Electricity Consumption (2004E) |
18.1 billion kilowatt hours |
| Total Energy Consumption (2004E) |
0.75 quadrillion Btus*, of which Oil (71%), Natural Gas (29%) |
| Total Per Capita Energy Consumption (2004E) |
133 million Btus |
| Energy Intensity (2004E) |
24,158 Btu per $2000-PPP** |
|
| Energy-Related Carbon Dioxide Emissions (2004E) |
50.2 million metric tons, of which Oil (74%), Natural Gas (26%) |
| Per-Capita, Energy-Related Carbon Dioxide Emissions (2004E) |
8.9 metric tons |
| Carbon Dioxide Intensity (2004E) |
1.6 Metric tons per thousand $2000-PPP** |
| Environmental Issues |
Desertification; very limited natural fresh water resources; the Great Manmade River Project, the largest water development scheme in the world, is being built to bring water from large aquifers under the Sahara to coastal cities |
| Major Environmental Agreements |
party to: Biodiversity, Climate Change, Desertification, Endangered Species, Hazardous Wastes, Marine Dumping, Ozone Layer Protection signed, but not ratified: Environmental Modification, Law of the Sea |
|
| Organization |
The Ministry of Energy was abolished in 2000. At that time, the National Oil Company was given full control over the country’s oil sector. The Energy Ministry was re-established in 2004. Oil rights in Libya are awarded under Exploration and Production Sharing Agreements (EPSAs) based on the 1955 Hydrocarbon Law. Downstream investment is covered by the 1997 Foreign Investment Law. |
| Major Oil Terminals |
Es Sider, Marsa el-Brega, Tobruk, Ras Lanuf, Zawiya, Zuetina |
| Foreign Company Involvement |
Amerada Hess, Canadian Occidental, ChevronTexaco, CNPC, Eni, Husky Oil, Indian Oil Corp., Liwa (UAE), Medco Energy (Indonesia), Naftogaz Ukrainy, Nimr Petroleum (Saudi Arabia), Norsk Hydro, Occidental, OMV, ONGC, Pedco (South Korea), Petrobras (Brazil), PetroCanada, Petronas (Malaysia), Red Sea Oil Corp. (Canada), Repsol, Shell, Total, Verenex (Canada), Wintershall (Germany), Woodside (Australia) |
| Major Oil and Gas Fields |
Al Jurf , Amal, Beda, Bouri, Bu Attifel, Defa-Waha, El Sharara, Elephant, Ghani, Gialo, Hofra, Intisar, Kabir, Mabruk, Murzuq, Nafoora, Nasser, NC-41, NC-186 fields, Omar, Sarah, Sarir, Wafa, Zella, Zenad, Zueitina |
| Major Pipelines |
Amal-Ras Lanuf; Defa-Nasser; Hammada el Hamra-Az Zawiya; Intisar-Zueitina; Intisar -Hatiba; Messla-Ras Lanuf; Nasser-Hatiba; Nasser (Zelten)-Marsa el Brega; Sarir-Marsa el Hariga; Waha-Es Sider |
| Major Refineries (capacity, bbl/d) |
Ras Lanuf (220,000 bbl/d), Az-Zawiya (120,000 bbl/d), Tobruk (20,000 bbl/d), Brega (10,000 bbl/d), Sarir (10,000 bbl/d) |
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* The total energy consumption statistic includes petroleum, dry natural gas, coal, net hydro, nuclear, geothermal, solar, wind, wood and waste electric power. The renewable energy consumption statistic is based on International Energy Agency (IEA) data and includes hydropower, solar, wind, tide, geothermal, solid biomass and animal products, biomass gas and liquids, industrial and municipal wastes. Sectoral shares of energy consumption and carbon emissions are also based on IEA data.
**GDP figures from OECD estimates based on purchasing power parity (PPP) exchange rates.
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