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]
^"Mining in Libya- Overview". mbendi.com. Archived from the original on 28 January 2001. Retrieved 30 May 2015.
^Mobbs, Philip M. "The Mineral Industry Of Libya" (PDF). USGS. Retrieved 30 May 2015.
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