Mining_in_Libya
The mining industry of Libya does not contribute significantly to its economy. Mining resources are located in remote regions with limited accessibility. The fuel sector, including oil reserves (which have a capacity of 29.5 billion barrels) and natural gas (which has 1.31 trillion cubic meters of reserve) is the major revenue-generating industry.[1][2]
Africa's largest proven oil reserves are in Libya.[citation needed] The first well was drilled in 1956 and oil was struck in the following year.[citation needed] The Wadi ash-Shati' may hold one of the world's biggest iron ore deposits.[citation needed]