Libyan patent application

Categories:

Author:

Source:

Release time:2016-05-31

Libya, a country in North Africa, is located on the southern shore of the Mediterranean Sea, bordering Egypt, Sudan, Chad, Niger, Algeria and Tunisia. Area of 1759541 square kilometers.

Libya once belonged to Carthage, ancient Rome, the Arab Empire and the Ottoman Empire. Italy defeated the Ottoman Empire in 1912 and Libya became a colony of Italy. After World War II, Libya became independent in 1951 and established a federal United Kingdom of Libya. In 1963, the federal system was abolished and the Kingdom of Libya was renamed. In September 1969, the "Free Officers Organization" headed by Gaddafi launched a coup and established the Libyan Arab Republic, which was later renamed the Great Socialist People's Libyan Arab Jamahiriya. In 2011, the Libyan civil war against Gaddafi broke out and the Gaddafi regime collapsed. In May 2013, the name of the country was changed to Libya, but the conflict has continued since then.

Libya has a single state-owned economy for a long time, relying on rich oil resources, once rich in Africa, but due to the turmoil in the situation, oil exports were once stagnant. After the end of the Libyan civil war, the Libyan central government established a special armed protection of oil fields. Oil production and exports once returned to near pre-war levels. However, in the second half of 2013, Jadran, the leader of the oil protection force, fell out with the central government and took control. Major oil fields and ports in the east. Libyan oil exports have plummeted.

 

EconomyOverview

Libya is rich in resources, especially gas reserves, and is one of the world's major oil-producing and oil-exporting countries. This is one of the key factors in attracting foreign investment in Libya.

Oil production accounts for 50-70% of GDP. In 2004, Libya's crude oil production reached 1.6 million barrels per day, domestic consumption was about 250000 barrels per day, and net exports were about 1.2 million barrels per day (2012)(oil exports to the United States resumed in June 2004), accounting for 83.75 per cent of total output. Also exports iron ore, peanuts, leather, etc., imports to machinery and equipment, vehicles, food for the bulk. In addition to oil, natural gas reserves are also more, other resources are iron, potassium, manganese, phosphate, copper and so on. In 1985, the proven oil reserves were 2.918 billion tons, the oil production was more than 5000 million tons, and the proven natural gas reserves were 605.3 billion cubic meters. The main industrial sectors are oil exploitation, oil refining, food processing, petrochemical, chemical, building materials, power generation, mining, textile industry, etc. Iron, manganese, copper, tin, bauxite, apatite, potash and other mineral deposits are still less developed. Arable land accounts for about 2% of the country's total area. Food can not be self-sufficiency, a large number of imports. The main crops are wheat, barley, corn, peanuts, oranges, olives, tobacco, dates, vegetables and so on. Animal husbandry plays an important role in agriculture. Herders and half-herders make up more than half of the agricultural population.