Libya Oil

Oil Reserves in Libya (2025)

See also: List of countries by Oil Reserves

Libya holds 48,363,000,000 barrels of proven oil reserves as of 2025, ranking #10 in the world and accounting for about 2.74% of the world's total oil reserves of 1,765,151,568,000.

Libya has proven reserves equivalent to 609.3 times its annual consumption levels (based on 2024 data). This means that, without net exports, there would be about 609 years of oil left (at 2024 consumption levels and excluding unproven reserves).

History of Oil Reserves in Libya

Oil Consumption in Libya (2024)

See also: List of countries by Oil Consumption

• Libya consumes 217,476 barrels per day (B/d) of oil as of the year 2024.
• Libya ranks #57 in the world for oil consumption, accounting for about 0.21% of the world's total consumption of 102,559,503 barrels per day.
• Libya consumes 1.24 gallons of oil per capita every day (based on the 2024 population of 7,381,023 people), or 452 gallons per capita per year (11 barrels). [1 barrel = 42 US Gallons]

Oil Production in Libya (2024)

See also: List of countries by Oil Production

• Libya produces 1,182,228 barrels per day of oil (as of 2024) ranking #17 in the world.
• At 2024 production levels, Libya produces every year about 0.89% of its proven reserves ( 2025).

Oil Exports (2018)

• In 2018, Libya exported 102% of its oil production (1,067,387 barrels per day out of 1,045,937 produced).

History of Oil Consumption and Production