Libya Leads as Iran War Alters Oil Map
The data indicates that Libya maintained its position as the largest exporter of crude oil shipped by sea in Africa during the first half of 2026, with an export rate of 1.20 million barrels per day, despite security challenges and investment difficulties that limit increased production. Despite a 41% decline in Middle Eastern supplies, African countries, including Libya, have been unable to fully benefit from this reduction due to limited production capacity and security and investment challenges. The International Energy Agency (IEA) forecasts Africa's oil production capacity within OPEC+ to decrease to 4.2 million barrels per day by 2030, amid rising security and investment challenges that hinder growth in the African oil sector.
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