Market for Processed Petroleum Oils and Distillates in Libya
In value terms, processed petroleum oils and distillates production rose remarkably to $ in estimated in export price. Overall, production, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2012 with an increase of % against the previous year. Over the period under review, production reached the peak level at $ in 2008; however, from 2009 to , production failed to regain momentum.
The value of the market for processed petroleum oils and distillates in Libya reduced to $ in , declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a pronounced setback. Over the period under review, the market attained the peak level at $ in 2010; however, from 2011 to , consumption stood at a somewhat lower figure.