Reply #17: Even more natural gas than Iraq...

[KansDem]

More than twice as much.

From the CIA Factbook:

Libya
Background:
Since he took power in a 1969 military coup, Col. Muammar Abu Minyar al-QADHAFI has espoused his own political system - a combination of socialism and Islam - which he calls the Third International Theory. Viewing himself as a revolutionary leader, he used oil funds during the 1970s and 1980s to promote his ideology outside Libya, even supporting subversives and terrorists abroad to hasten the end of Marxism and capitalism. Libyan military adventures failed, e.g., the prolonged foray of Libyan troops into the Aozou Strip in northern Chad was finally repulsed in 1987. Libyan support for terrorism decreased after UN sanctions were imposed in 1992. Those sanctions were suspended in April 1999.

Lubya petroleum, natural gas, phosphates, sulfur
http://www.cia.gov/cia/publications/factbook/fields/2111.html

Oil Production:
1.429 million bbl/day (2001 est.)

Compare to:
Iraq 2.452 million bbl/day (2001 est.); note - production was disrupted as a result of the March-April 2003 war (2001 est.)
Venezuela 3.08 million bbl/day (2001 est.)

Oil, Proved Reserves:
Libya 29.75 billion bbl (37257)
http://www.cia.gov/cia/publications/factbook/fields/2178.html

Compare to:
Iraq 113.8 billion bbl (37257)
Venezuela 63.95 billion bbl (37257)

Natural Gas, Proved Reserves:
Libya 6.18 billion cu m (2001 est.)
http://www.cia.gov/cia/publications/factbook/fields/2180.html

Compare to:
Iraq 2.76 billion cu m (2001 est.)
Venezuela 31.71 billion cu m (2001 est.)