Search results
Results from the WOW.Com Content Network
Oil reserves in Libya are the largest in Africa, and among the ten largest oil reserves globally [1] with 46.4 billion barrels (7.38 × 10 ^ 9 m 3) of proven oil reserves as of 2010. Oil production was 1.65 million barrels per day (262 × 10 ^ 3 m 3 /d) as of 2010, giving Libya 77 years of reserves at current production rates if no new reserves ...
Libya, [b] officially the State of Libya, [c] is a country in the Maghreb region of North Africa.It borders the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad to the south, Niger to the southwest, Algeria to the west, and Tunisia to the northwest, as well as maritime borders with Greece, Italy and Malta to the north.
With an area of almost 1.8 million km 2 (700,000 sq mi), it is the fourth-largest country in Africa and the Arab world, and the 16th-largest in the world. Libya claims 32,000 square kilometres of southeastern Algeria, south of the Libyan town of Ghat. The country's official religion is Islam, with 96.6% of the Libyan population being Sunni Muslims.
About 80% of Libya's proven oil reserves are located in the Sirte Basin Province, which accounts for 90% of the country's oil output. The province ranks 13th among the world's petroleum provinces, having known reserves of 43.1 billion barrels (6.85 × 10 ^ 9 m 3 ) of oil equivalent (367,00 000,000 bbl (0 m 3 ) of oil, 37.7 trillion cubic feet ...
Libya is an OPEC member and holds the largest proven oil reserves in Africa (followed by Nigeria and Algeria), 41.5 Gbbl (6.60 × 10 9 m 3) as of January 2007, up from 39.1 Gbbl (6.22 × 10 9 m 3) in 2006. About 80% of Libya's proven oil reserves are located in the Sirte Basin, which is responsible for 90% of the country's oil output. [17]
Libya's foreign minister on Monday was suspended and fled the country, a day after Israel revealed that its chief diplomat met with her last week — news that prompted scattered street protests ...
The foreign relations of the Libya under Muammar Gaddafi (1969–2011) underwent much fluctuation and change. They were marked by severe tension with the West and by other national policies in the Middle East and Africa, including the Libyan government's financial and military support for numerous paramilitary and rebel groups.
It was established on August 28, 2006, by Decree 208 of the General People's Committee of Libya (GPC), [1] after the lifting of economic sanctions that had previously precluded foreign investment in Libya. [2] The LIA oversees and manages investments in various areas including agriculture, real estate, infrastructure, oil and gas and in shares ...