Market Size of Libya Oil and Gas Midstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 0.44 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Libya Oil and Gas Midstream Market Analysis
The Libyan oil and gas midstream market is expected to register a CAGR of more than 0.44% during the forecast period of 2020 - 2025. Factors, such as increasing production of oil and gas, are expected to boost the demand in the Libyan oil and gas midstream market during the forecast period. However, the civil war in the country has severely impacted the growth in the oil and gas midstream sector.
- Libya has a pipeline network that is spread all over the country. The capacity of the pipelines is expected to remain stagnant in the forecast period, due to a lack of investment in the sector.
- The growth in the oil and gas midstream sector has been severely impeded due to the ongoing civil war in the country. However, in 2019, as most of the country had come under the military coalition, the prospects of the civil war ending in the forecast period have increased. It can become an opportunity for companies in the market.
- Increase in oil and gas production is expected to be the driver for the market in the forecast period. The country has a lot of potential in the sector, as it has high quality oil and is nearer to the prosperous European countries, with high oil and gas consumption requirements.
