On Wednesday, Libyan National Oil Corporation (NOC) announced that oil production has surpassed 106 million barrels, over the past three months. Gas production has reportedly hit more than three billion cubic meters over the same period.
According to statistical data published by the NOC, oil production amounted to 106,618,853 barrels during the first quarter of 2023, which extends from 1 January to 31 March.
During the same period, total oil products amounted to 1,541,566 metric tons.
As for natural gas, it rose to 3,175,813, 729 cubic meters, meanwhile, petrochemical products hit 163,151 metric tons.
In addition, the NOC announced that the production of crude oil amounted to 1,220,000 barrels during the past 24 hours.
It added that condensate production amounted to 52,000 barrels. The total domestic consumption of natural gas amounted to 1.3 billion cubic feet, over the past 24 hours.
Last week, the NOC announced that production by the Sirte Oil Company was approaching 90,000 barrels per day.
In March, the Secretary General of OPEC, Haitham Faisal Al-Ghais, and his accompanying delegation visited the NOC headquarters in Tripoli.
During the visit, the Libyan 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 organization, 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.
Oil-rich Libya plunged into chaos after a NATO-backed uprising toppled and killed longtime leader Muammar Gaddafi in 2011. In the chaos that followed, the county split, with the rival administrations backed by rogue militias and foreign governments. The country’s current political crisis stems from the failure to hold elections on 24 December 2021.
The country’s Prime Minister, Abdel-Hamid Dbaiba who is leading a transitional government in Tripoli has refused to step down. The country’s eastern-based Parliament appointed a rival Prime Minister, Fathi Bashagga, who is seeking Libya’s UN seat.
