Friday, December 19, 2025
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 Plans to Boost Oil Output to 1.6 Million Barrels a Day by 2026

October 18, 2025
Can Libya Maintain Its Lead as Africa’s Top Exporter?

Can Libya Maintain Its Lead as Africa’s Top Exporter?

Share on FacebookShare on Twitter

Libya plans to raise its oil production to 1.6 million barrels per day (bpd) within the next two years, according to the Minister of Oil and Gas, Khalifa Abdul Sadek, from the interim Government of National Unity in Tripoli.

In press statements, Abdul Sadek said Libya is working to boost its crude output from the current level of around 1.4 million bpd, adding that the National Oil Corporation (NOC) recorded average production of approximately 1.383 million bpd in October 2025.

The minister noted that Libya’s proven oil reserves stand at 48 billion barrels, making it home to the largest oil reserves in Africa. He emphasized that oil revenues continue to account for more than 90 percent of the country’s total income, underscoring the vital role of the energy sector in supporting Libya’s fragile economy.

Abdul Sadek said the government and the NOC are implementing a multi-year development plan aimed at upgrading oil infrastructure, maintaining production facilities, and attracting new foreign investment. The plan also seeks to modernize aging fields and reopen several sites that have been offline due to security and technical challenges over the past decade.

Regarding natural gas, the minister revealed that Libya currently produces 2.5 billion cubic feet per day, of which roughly 200 million cubic feet are exported to Italy through the Greenstream pipeline operated by ENI and the NOC. The remainder, about 1 billion cubic feet per day, is directed toward domestic electricity generation and industrial use.

Abdul Sadek reiterated that Libya remains committed to stabilizing production and maintaining its position as a reliable energy supplier in global markets. He said reaching the 1.6 million bpd target by 2026 would mark a major milestone in restoring Libya’s pre-2011 output levels.

Tags: libyaLibyan MinisternocOil Production
Next Post
Libyan PM Blames UNSMIL for Deepening Libyan Crisis

Libyan PM Blames UNSMIL for Deepening Libyan Crisis

POPULAR CATEGORIES

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

MUST READ

Pakistan Army Chief Arrives in Benghazi

Pakistan Army Chief Praises Libyan Army’s Role in Fighting Terrorism

545 Migrants Arrive in Greece from Libya

Deadly Roof Collapse Claims 3 Lives in Libyan Capital

Misrata Council Member Slams Dbaiba’s Government Over Cash Shortages & Poverty

Libyan Passenger Arrested Over Illegal Cash Transfer to Turkey

EDITOR PICKS

Russia Supports UN Efforts to Unite Libyan Political Factions

Bird Strike Cancels Libya’s Berniq Airways Flight from Tripoli to Cairo

Libyan Father Accused of Imprisoning Autistic Son for a Decade

Libya Strengthens Oil Sector as New Well Enters Production

545 Migrants Arrive in Greece from Libya

Libyan Passenger Arrested Over Illegal Cash Transfer to Turkey

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

© 2024 LR

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

© 2024 LR