Libya Oil Production Surges Past 1.38 Million Barrels Daily Amid Stability Push – African Peace Magazine

Libya Oil Production Surges Past 1.38 Million Barrels Daily Amid Stability Push

 

Libya Oil Production Surges Past 1.38 Million Barrels Daily Amid Stability Push

Libya’s National Oil Corporation (NOC) has achieved a significant milestone with crude production exceeding 1.38 million barrels per day, marking a crucial step in stabilizing the country’s vital energy sector. The state-run company reported crude oil output at 1,380,858 barrels on Saturday, August 23, with condensates reaching 53,034 barrels and natural gas production at 2.548 billion cubic feet.

The NOC has reaffirmed its commitment to maintaining current production levels while strengthening stability across Libya’s oil and gas industry, signaling renewed confidence in the country’s energy infrastructure after years of disruption.

Source: libyaobserver.ly