Libya’s Oil Production Reaches 1.214 Million Barrels


Libyan crude oil production reached 1.214 million barrels per day, and condensate production reached 18,000 barrels per day during the past 24 hours. In a statement, the NOC added that the total domestic consumption of natural gas amounted to 676 million cubic feet.

According to the NOC, the General Electricity Company of Libya (GECOL) consumed the largest share of gas, at 504 million cubic feet. The rest was distributed to the NOC, the Iron and Steel complex, cement factories, and other small factories.

Notably, Libyan MP, Abdel-Moneim Al-Arfi commented on the huge investments that the United States sought to pump into the Libyan oil sector, saying: “These investments reflect competition for economic power between the United States, Russia and Italy.”

In press statements to the Independent Arabia website, he said that “this competition is welcome, since it will open the door for all major companies capable of manufacturing and production to invest in Libyan oil.”

“Whether these deals will lead to a reduction of Russian influence in Libya is unknown,” Al-Arfi said. “The Russians are present, and they have made investments, and this is not only in Libya. Russia is strongly present in neighbouring Sudan to extract gold, and in Central Africa and others. In my belief, the entire African continent is greedy for major companies, to achieve benefits and create jobs and profits, and these are global economies that have the right to compete,” he said.

He added that “these deals fall within the framework of competition for economic power, and will not change the political scene, whether by imposing specific personalities or otherwise. They are with those who are in line with their interests, and no one in Libya, the Arab world, or others may say that it is against the interests of American companies.”

The MP noted that “Turkey still maintains a strong presence in Libya. The largest volume of imports into the country is from Turkey. The Libyan market is teeming with Turkish products. The Turks have entered all fields, whether through electrical or food materials or others. Turkey has huge investments in construction.”