Libyan Oil Minister of the Government of National Unity, Khalifa Abdulsadiq, participated in the 113th ministerial meeting of the Organisation of Arab Petroleum Exporting Countries (OAPEC), held in Kuwait on Sunday.
Discussions at the meeting included the proposed renaming of OAPEC to the “Arab Energy Organisation” alongside a new logo and visual identity, reflecting a shift towards diverse energy sources, including renewables, according to a statement by Libya’s Ministry of Oil.
Key topics also covered included the organisation’s draft budget for 2025, financial matters, and incentives. Participants addressed the implementation of OAPEC’s resolution on the Middle East Green Initiative and the adoption of a circular carbon economy model.
The meeting agreed to extend the operations of the Arab Petroleum Training Institute, a subsidiary of OAPEC, and confirmed Kuwait as the host for the next ministerial session.
Additionally, the event honoured winners of OAPEC’s scientific awards, which recognise outstanding academic research in the energy sector and encourage advancements in studies and scientific inquiry.
Libya has played a pivotal role in boosting oil production within the Organisation of the Petroleum Exporting Countries (OPEC), marking a second consecutive month of growth.
According to Bloomberg data, OPEC’s total crude output reached an average of 27.02 million barrels per day (bpd) in November, an increase of 120,000 bpd compared to October.
This recovery has been largely attributed to Libya’s continued production rebound after overcoming recent political turmoil.
The country’s oil production surged to 1.37 million bpd in November, alongside a rise in natural gas output to 194,914 barrels of oil equivalent per day.
As of today, Libya’s crude oil and condensate production exceeded 1.4 million bpd, the highest level recorded since 2013.
