Country Analysis Brief, Libya, June 2012

• “Libya is a member of the Organization of Petroleum Exporting Countries, the holder of Africa’s largest proven oil reserves, and an important exporter of oil and natural gas. Libya’s oil production has begun to resurge since the overthrow of the Qadhafi regime.
• Libya’s oil production was disrupted for much of 2011 due to conflict, but began to recover relatively rapidly following the cessation of most hostilities by the autumn of that year.
• Libyan natural gas production and exports increased considerably after 2003, with the development of offshore fields and opening of the Greenstream pipeline to Europe, but were temporarily disrupted by the civil unrest of 2011.”