Libya Crisis: No Shortage of Supplies

BusinessCommodities ♦ Published: February 23, 2011; 09:10 ♦ (Vindobona)

The North African country ruled by massive unrest is Austria's second-largest oil supplier.

Libya Crisis: No Shortage of Supplies / Picture: ©

Despite the high importance of Libya for Austrian energy generation, there will be no shortage of supplies. Currently around 20% of crude oil imports come from the North African country. In the first eleven months of 2010, about 1:18 million tons of crude oil were imported from Libya, which means an increase of around 20% over the previous year.

In 2009, the proportion of Libyan…