Libya’s Oil Production Surges Past 1.38 Million Barrels as Output Stabilizes
Libya’s National Oil Corporation (NOC) announced a significant milestone as crude oil production reached over 1.38 million barrels per day in the past 24 hours, marking a strong recovery for the North African nation’s energy sector. The production figures also include approximately 50,000 barrels of condensates and 2.48 billion cubic feet of natural gas output.
The NOC emphasized its commitment to maintaining stable production levels while ensuring adequate supply for both domestic consumption and international export markets. This announcement represents a crucial development for Libya’s economy, which remains heavily dependent on oil and gas revenues as the backbone of national finances.
The sustained output levels demonstrate the corporation’s ongoing efforts to enhance operational capacity despite the challenging political and security environment that has historically impacted the country’s energy sector.
Source: libyaobserver.ly
