Libya is a country in the Maghreb region of North Africa, bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad and Niger to the south, and Algeria and Tunisia to the west. The Libyan economy depends primarily upon revenues from the oil sector, which accounts for 80% of GDP and 97% of exports.[1] Libya holds the largest proven oil reserves in Africa and is an important contributor to the global supply of light, sweet crude.[2] Apart from petroleum, the other natural resources are natural gas and gypsum.[3]
Notable firms
editThis list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
Name | Industry | Sector | Headquarters | Founded | Notes | Status | |
---|---|---|---|---|---|---|---|
Afriqiyah Airways | Consumer services | Airlines | Tripoli | 2001 | State airline | S | A |
Agricultural Bank of Libya | Financials | Banks | Tripoli | 1957 | Development bank | P | A |
Air Libya | Consumer services | Airlines | Benghazi | 1996 | Charter airline | P | A |
Air One Nine | Consumer services | Airlines | Tripoli | 2004 | Airline | P | A |
Alajnihah Airways | Consumer services | Airlines | Tripoli | 2006 | Airline, defunct 2011 | P | D |
Arabian Cement Co. | Industrials | Building materials & fixtures | Al Khums | 1988 | Cement | P | A |
Arabian Gulf Oil Company | Oil & gas | Exploration & production | Benghazi | 1979 | Exploration, production | P | A |
Banque Sahélo-Saharienne pour l'Investissement et le Commerce | Financials | Banks | Tripoli | 1999 | Investment bank | P | A |
Brega Marketing Company | Oil & gas | Exploration & production | Tripoli | 1974 | Part of National Oil Corporation | S | A |
Buraq Air | Consumer services | Airlines | Benghazi | 2001 | Airline | P | A |
Central Bank of Libya | Financials | Banks | Tripoli | 1956 | Central bank | S | A |
General National Maritime Transport Company | Industrials | Marine transportation | Tripoli | 1975 | Transportation | S | A |
General Posts and Telecommunications Company | Telecommunications | Fixed line telecommunications | Tripoli | 1984 | Telecom and post | S | A |
Ghadames Air Transport | Consumer services | Airlines | Tripoli | 2004 | Airline, defunct 2006 | P | D |
Jowfe Oil Technology | Oil & gas | Exploration & production | Benghazi | 1983 | Oilfield services, part of National Oil Corporation | S | A |
Libya Telecom & Technology | Telecommunications | Fixed line telecommunications | Tripoli | 1997 | Telecom | S | A |
Libyan Airlines | Consumer services | Airlines | Tripoli | 1964 | State airline | S | A |
Libyan Arab Air Cargo | Industrials | Delivery services | Tripoli | 1979 | Cargo airline | P | A |
Libyan Cement Company | Industrials | Building materials & fixtures | Benghazi | 1972 | Cement | P | A |
Libyan Foreign Bank | Financials | Banks | Tripoli | 1972 | Part of Central Bank of Libya | S | A |
Libyan Iron and Steel Company | Basic materials | Iron & steel | Misurata | 1979 | Steelmaker | S | A |
Libyan Jamahiriya Broadcasting Corporation | Consumer services | Broadcasting & entertainment | Tripoli | 1969 | Defunct broadcaster (before the revolution) | P | D |
Libyana | Telecommunications | Mobile telecommunications | Tripoli | 2004 | Mobile phones | S | A |
National Oil Corporation | Oil & gas | Exploration & production | Tripoli | 1970 | State oil holding | S | A |
Oilibya | Oil & gas | Exploration & production | Tripoli | 2008 | Oil and retail | P | A |
RASCO | Oil & gas | Exploration & production | Ra's Lanuf | 1983 | Part of National Oil Corporation | S | A |
Sahara Bank | Financials | Banks | Tripoli | 1964 | Bank | S | A |
Sirte Oil Company | Oil & gas | Exploration & production | Brega | 1981 | Part of National Oil Corporation | S | A |
Trucks and Bus Company | Industrials | Commercial vehicles & trucks | Tajura | 1976 | Commercial vehicles | P | A |
Umma Bank | Financials | Banks | Tripoli | 1907 | Bank | S | A |
Waha Oil Company | Oil & gas | Exploration & production | Tripoli | 1956 | Part of National Oil Corporation | S | A |
Western Libyan Gas Project | Oil & gas | Exploration & production | Tripoli | 2004 | Part of National Oil Corporation | S | A |
Zawia Oil Refining Company | Oil & gas | Exploration & production | Tripoli | 1976 | Part of National Oil Corporation | P | A |
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The ENI Oil Bouri DP4 in the Bouri Field
See also
editReferences
edit- ^ "Oil production boosts Libya economy, instability hampers reconstruction". The Daily Star. 20 October 2012.
- ^ "Libya – Analysis". U.S. Energy Information Administration.
- ^ "Libya facts and figures". OPEC.