Abstract
This paper aimed to study business environment in the Libyan oil and natural gas sector during the post-2011 period, using SWOT analysis with analytic descriptive approach for diagnosing the current and expected status of the Libyan oil and gas sector and identifying the strengths, weaknesses, opportunities and challenges facing the investment in the sector. The main results of descriptive analysis showed that the strengths of the oil sector are much more than weaknesses and this proves the fact that the Libyan state is characterized by large and encouraging for production and investment in the oil sector. The descriptive analysis also showed that the oil sector has the highest priority in financing and investment and must be preceded by any other economic sector with concern by the Libyan government because it is the main driver of national economic activity. The study also showed by using SWOT analysis that investment opportunities and threats points are equal with a slight advantage of opportunity over threats and that indicates the feasibility of investment depends on the types, sizes and locations of investment projects. The study concluded the results cannot confirm the feasibility of investment projects in the oil and gas sector, but it can be used to assess the feasibility of investment in the projects by searching for projects that include the most points of opportunities and less points of threats compared to the study results. Keywords: Oil and Gas Sector; SWOT Analysis; Libya.