Oil and that's all Libya has. Its a vast desert wasteland.
Algeria has high-grade iron ore, phosphate, mercury, lead, and zinc.
Oil, Gas , Iron ,Gold ,Phosphate
both have significant oil exports.
it helped them develop the oil industry
Natural resources : Oil
3%
Libya is an oil-rich country.
Per EIA - US Energy Information Association U.S. Petroleum Consumption18,771,000 barrels/day The United States imported an average of 71,000 bbl/d from Libya in 2010 Roughly 1/3 of 1% of US oil consumption comes from Libya. (.38%)
Oil is Libya's main export.
Oil is the major export of Libya
libya first income from oil
.63% ... Funny how so little equals big $$$ at the pumps.
Libya is a major producer of oil.
oil
The US exports corn to Libya.
Abd Al-Bari Ali Al-Hadi Al-Arusi is the Minister of Oil for Libya.