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Libya’s Oil Production Exceeds 1.2 Million

March 14, 2023
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On Tuesday, Libya’s National Oil Corporation (NOC) announced that the production of crude oil amounted to 1,203,000 barrels during the past 24 hours.

Earlier this month, the Secretary General of OPEC, Haitham Faisal Al-Ghais and his accompanying delegation visited the headquarters of Libya’s NOC Tripoli. They were received by members of the NOC Board of Directors, Hussein Safar and Ahmed Ammar, Libya’s OPEC Governor, and a number of advisors, general managers, and directors of departments in the Corporation.

The officials thanked OPEC for its continued support, by excluding Libya from its cuts, in appreciation of the country’s circumstances.

They conveyed their assurance in seeking to increase the daily production of oil, with ambitious plans that have been prepared for the advancement of the Libyan oil industry.

Al-Ghais expressed his joy with his visit, stressing that Libya is an important member of OPEC.

He also praised the NOC and the great work of its employees, stressing that all the capabilities of OPEC are harnessed to serve the oil industry in Libya.

The Secretary-General called for “taking advantage of the opportunities available in the organisation, whether through periodic publications or training and employment opportunities that are available from time to time. As well as benefiting from them in transferring expertise and advancing the Libyan oil sector.”

He also called for focusing on investment and caring for the gas industry, especially since Libya has large gas reserves while preserving environmental projects.

During the meeting, they discussed the possibility of cooperation in technical matters between OPEC member states and benefiting from the exchange of experiences.

Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations, each backed by rogue militias and foreign governments.

The current stalemate grew out of the failure to hold elections in December 2021, and the refusal of Prime Minister Abdel-Hamid Dbaiba, who is leading the transitional government, to step down. In response, the country’s eastern-based Parliament appointed a rival Prime Minister, Fathi Bashagha, who has for months sought to install his government in Tripoli.

Tags: libyaLibyan OilnocOil CorporationOil Production
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