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Libya produces roughly 2% of the world's oil.
According to the CIA world factbook 2009 stats, Libya produces 1,790,000 bbl /day (barrels per day) making Libya the #18 oil producing country in the world. This is 2.49% of the 71,959,000 bbl/day of oil produced by the top 20 oil producing countries and 2.05% of the 87,125,145 bbl/day of oil produced by the top 100 oil producing countries.
Wiki User
∙ 12y ago
Wiki User
∙ 13y agoLibya has about (at most) 5 700 000 000 Tonnes worth of oil reserves and it produces 2% of the world oil.
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Is Libya a developed country?
Libya is a developed country and not a developing country. It is considered as the most developed country in Africa because of the oil that is produced. So many countries in the world depend on Libyan oil for example America gets about 90,000 barrels of oil per day and uses about 20 million dollars per year. Libya is also an OPEC member (Organization of the Petroleum Exporting Countries). This organization has been widely criticized because most oil-rich countries the determine the prices and oil production. Libya is also ranked number 5 most developed country in Africa on 2007 and number 81 globally because of its oil sector.
How much oil Venezuela produces?
Venezuela is one of the largest producers and exporters of oil and ranked as the 3rd in the year 2013. They produce about 2.5 million barrels of oil per day.
Why was OPEC sent up?
The OPEC was founded to unify petroleum policies and stabalize markets.
How much is the BP oil company worth?
In land owned, oil reserves being sucked up. It can produce oil for over 100 years on its curreny wells. Said to be worth 100 trillion dollars
In 1971 which government raised its price of oil thus resulting in other OPEC countries doing the same?
Libya
How much oil does the us import from libya every day?
3%
Is libya a oil-ooor country?
Libya is an oil-rich country.
How many cars does Libya produce in a year?
The U.S. imports almost no oil directly from Libya. Most of what we get from N. Africa comes from Algeria. Libya supplies about 2% of the oil supply in the entire world so it has a ripple effect.
What is Libya's major export?
Oil is Libya's main export.
What are the major exports of Libya?
Oil is the major export of Libya
What brings money into Libya?
libya first income from oil
How much crude oil do you produce and import?
I personally produce or import no crude oil
Does the US get oil from Libya?
Yes, Libya is one of the top 20 suppliers of crude oil to the U.S.
What in Libya begins with the letter O?
Libya is a major producer of oil.
What are libya's exports?
oil
How much oil can the US produce?
i think we can produce over 3 million gallons of oil everyday.
Who is the Minister of Oil for Libya?
Abd Al-Bari Ali Al-Hadi Al-Arusi is the Minister of Oil for Libya.
