Saturday, June 13, 2026
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Libya’s Oil Production Reaches 1.23 Million Barrels Per Day

June 15, 2025
Libya Attracts Renewed Foreign Interest as Energy Reforms Take Hold

Libya Attracts Renewed Foreign Interest as Energy Reforms Take Hold

Share on FacebookShare on Twitter

Libya’s crude oil production reached 1.23 million barrels per day (bpd) in May 2025, marking its highest output in more than a decade, according to new data published by S&P Global Platts. This milestone comes despite persistent political uncertainty and periodic unrest in the country.

Compared to April, Libya added 30,000 bpd in May, reflecting a steady recovery from a series of shutdowns that plagued the sector through late 2024. The last time Libya produced at this level was nearly 12 years ago, in 2013, before years of conflict severely disrupted output.

The increase in production is attributed to resumed operations in previously dormant fields and a return of foreign oil companies to the country. One example is the Mabrouk oil field, which resumed activity in March 2025 after a ten-year suspension and is currently producing around 5,000 bpd.

This rise in production is also driving stronger export volumes. Italy remained the top buyer of Libyan crude in May, followed by France, the United States, and China. Libya’s light sweet crude remains particularly attractive to European refiners.

The recovery is a welcome development for Libya’s economy, which relies heavily on oil revenues. The National Oil Corporation (NOC) has continued its push to stabilize output and attract foreign investment, even as political divisions and security concerns continue to challenge long-term planning.

Libya, home to Africa’s largest proven oil reserves, aims to reach and sustain production above 2 million bpd in the coming years. Analysts note that while technical recovery is progressing, long-term growth will require consistent political coordination and protection of energy infrastructure.

Tags: Crude Oilgaslibyanoc
Next Post
Libya Launches First E-Payment Forum to Boost Digital Finance

Libya Launches First E-Payment Forum to Boost Digital Finance

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Sisters Arrested Over Brother’s Killing in Libya

Libya’s Largest University Rises Again After Years of War Damage

Libya’s Sirte Port Nears Full Operation as Major Infrastructure Works Advance

Libya’s Sirte University to Host AI Conference

French Ambassador Launches 1st French University Alumni Club in Libya

Greek PM Says Migration from Libya Remains Major Concern for Greece

EDITOR PICKS

Greek PM Says Migration from Libya Remains Major Concern for Greece

Libya’s Sirte Oil Company Expands Cooperation with SLB on Field Development

Sea-Watch Alleges 7,400 Migrants Were Transferred from Tunisia to Libya

Libya’s Largest University Rises Again After Years of War Damage

Libya’s Sirte University to Host AI Conference

Libya’s Sirte Port Nears Full Operation as Major Infrastructure Works Advance

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR