Wednesday, July 8, 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

Why Are Nigeria & Egypt & Tunisia Importing Libyan Oil Again?

June 16, 2026
Libyan crude oil is gaining renewed attention across Africa, with Nigeria, Egypt, and Tunisia importing oil from Libya for the first time

Libyan crude oil is gaining renewed attention across Africa, with Nigeria, Egypt, and Tunisia importing oil from Libya for the first time

Share on FacebookShare on Twitter

Libyan crude oil is gaining renewed attention across Africa, with Nigeria, Egypt, and Tunisia importing oil from Libya for the first time in years as countries seek alternative sources of energy amid growing uncertainty in global supply markets.

According to data published by the US-based Energy Research Unit, Nigeria imported approximately 64,500 barrels per day of Libyan crude in May 2026, equivalent to nearly two million barrels during the month. The purchase represents the first recorded Nigerian import of Libyan oil since historical tracking data became available in 2013.

The development reflects broader changes in global energy markets. Ongoing concerns over regional tensions and disruptions affecting major shipping routes have prompted many countries to diversify their energy supplies and reduce dependence on traditional export sources.

Egypt has also resumed imports of Libyan crude after several years. The country imported around 57,000 barrels per day in February and another 33,000 barrels per day in April, marking its first purchases of Libyan oil since 2019. Analysts say the move is part of Egypt’s efforts to strengthen energy security and secure additional sources of supply.

Tunisia has likewise increased its purchases of Libyan crude this year. Imports reached approximately 19,000 barrels per day in March before settling at around 10,000 barrels per day in May. While Tunisia has occasionally imported Libyan oil in previous years, the recent increase signals stronger demand for Libyan exports.

The growing interest in Libyan crude comes as the country seeks to expand its presence in regional and international energy markets. Libya currently produces around 1.4 million barrels of oil per day and aims to increase production capacity further through new investments and exploration projects.

Despite gaining new customers, Libya’s overall oil exports declined by 11 percent in May to approximately 1.07 million barrels per day, the lowest level recorded since October 2024. The decline was linked to operational challenges, including disruptions caused by a fire affecting infrastructure connected to the Sharara oil field.

Italy remained Libya’s largest oil customer during May, importing about 348,000 barrels per day, while Greece, Spain, and Turkey also ranked among the leading buyers.

Tags: EgyptlibyaNigeriaoilTunisia
Next Post
Libyan Minister Urges Moroccan Investors to Explore Opportunities in Benghazi

Libyan Minister Urges Moroccan Investors to Explore Opportunities in Benghazi

POPULAR CATEGORIES

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

MUST READ

Italy Records Sharp Drop in Migrant Arrivals from Libya in 2026

UN Launches Female Pioneers Programme in Libya

Saddam Haftar Reviews Security Situation Along Libya’s Borders

Libya Deports 176 Migrants Through Benina International Airport

Washington Ready to Host Libya Political Agreement, US Adviser Says

Libya’s NOC Reports Major Shortfall in 2026 Budget Funding

EDITOR PICKS

Libya Ranks Among Top 10 Arab Natural Gas Producers in 2025

UN Launches Female Pioneers Programme in Libya

Libya Deports 176 Migrants Through Benina International Airport

Saddam Haftar Reviews Security Situation Along Libya’s Borders

Libyan East Government Highlights Major Housing & Reconstruction Projects

Pakistan Leads New Diplomatic Initiative on Libya

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

© 2024 LR

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

© 2024 LR